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The African Development Bank (Seventeenth Replenishment of the African Development Fund) Order 2026

Draft. This instrument was laid in draft and may differ from the one made. Look for the made version under its title.

Draft 2026, ISBN 9780348287608

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Draft Order laid before the House of Commons under section 11(5) of the International Development Act 2002 (c. 1), for approval by resolution of the House of Commons.

INTERNATIONAL DEVELOPMENT

Made ***

Coming into force

The Secretary of State makes this Order in exercise of the powers conferred by section 11 (4) of the International Development Act 2002 (“the Act”)f1 for the purpose of approving a payment under section 11 (3) of the Act.

Section 11 of the Act provides that where the Government of the United Kingdom becomes bound to make a relevant paymentf2 to a multilateral development bankf3 the Ministerf4 may make the relevant payment and other associated payments specified in section 11(3).

In accordance with section 11 (4) of the Act, this Order is made with the approval of the Treasury.

In accordance with section 11 (5) of the Act, a draft of this Order has been laid before the House of Commons and approved by a resolution of that House.

Annotations to the whole text

Footnotes

f1

2002 c. 1. Section 11(3) and (4) was amended by S.I. 2017/1283.

f2

The term “relevant payment” is defined in section 11 (2) of the International Development Act 2002. The payments mentioned in article 3 of this Order are relevant payments for the purposes of that definition.

f3

The term “multilateral development bank” is defined in section 11 (2) of the International Development Act 2002. The African Development Bank is a multilateral development bank for the purposes of that definition.

f4

The term “the Minister” is defined in section 1 (4) of the International Development Act 2002 as meaning the Secretary of State or the Treasury.

Contents

  1. 1Citation and commencement
  2. 2Interpretation
  3. 3Relevant payments
  4. Signature
  5. Explanatory note

1Citation and commencement

This Order may be cited as the African Development Bank (Seventeenth Replenishment of the African Development Fund) Order 2026 and comes into force on the day after the day on which it is made.

2Interpretation

In this Order—

  • “the Bank” means the African Development Bank established by an agreement dated 4th August 1963, as ratified by the Government on 29th April 1983f1;

  • “the Fund” means the African Development Fund of the Bank established by an agreement dated 29th November 1972, as ratified by the Government on 30th June 1973f2;

  • “the Government” means the Government of the United Kingdom;

  • “the Resolution” means Resolution No. F/BG/2026/04 entitled ‘The Seventeenth General Replenishment of the Resources of the African Development Fund’ adopted by the Board of Governors of the Fund on 27th May 2026.

3Relevant payments

The Secretary of State may, on behalf of the Government and in accordance with section 11 of the International Development Act 2002—

(a)

make payment of a further contribution to the Fund not exceeding £650,000,000 in accordance with the arrangements made between the Government and the Fund in accordance with the Resolution, and

(b)

make payments of sums required to redeem any non-interest-bearing and non-negotiable notes or other obligations which may be issued or created by the Secretary of State and accepted by the Fund pursuant to the arrangements mentioned in paragraph (a).

Signature

Name

Minister of State

Foreign, Commonwealth and Development Office

Date

We approve,

Name

Name

Two of the Lords Commissioners of His Majesty’s Treasury

Date

Explanatory note

(This note is not part of the Order)

This Order approves the making of payments on behalf of the Government of the United Kingdom to the African Development Fund (the “Fund”) of sums not exceeding £650 million as a further contribution to the resources of the Fund. The payments approved by this Order will be made pursuant to Resolution No. F/BG/2026/04 adopted by the Board of Governors of the Fund on 27th May 2026. The Order also provides for the redemption of non-interest-bearing and non-negotiable notes issued by the Secretary of State pursuant to those arrangements.

An impact assessment has not been produced for this instrument as no impact on the private, public or voluntary sectors is foreseen.

A copy of the Resolution No. F/BG/2026/04 may be obtained by application to the Foreign, Commonwealth and Development Office, King Charles Street, London SW1A 2AH.