Introductory text
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 in accordance with article 1
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 purposes 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 paymentf2to a multilateral development bankf3the Ministerf4may make the relevant payment and other associated payments specified in section 11(3).
Section 11(4) of the Act provides that section 11(3) applies to a payment only if it is approved by an order made by the Treasury, or by the Secretary of State 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 resolution of that House.
Annotations
Footnotes
- f1
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2002 c. 1. Section 11(3) and (4) was amended by S.I. 2017/1283.
- f2
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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
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The term “multilateral development bank” is defined in section 11(2) of the International Development Act 2002. The Asian Development Bank is a multilateral development bank for the purposes of that definition.
- f4
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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.