Introductory text

This Order is made in exercise of the powers conferred by section 11 of the International Development Act 2002 (“the Act”)^f1.

Section 11 of the Act provides that where the Government of the United Kingdom becomes bound to make a relevant payment (including an initial capital contribution of the kind approved by this Order) to a multilateral development bank the Secretary of State may make the relevant payment and other associated payments specified in section 11(3).

The Asian Infrastructure Investment Bank is a multilateral development bank of the kind referred to in section 11(2).

In accordance with section 11(4) of the Act the Treasury have approved the making of this Order.

A draft of this Order has been laid before the House of Commons and approved by a resolution of that House as required by section 11(5) of the Act.