OpenLegislation

Article 3 Relevant Payments

Original text. Later amendments are not shown.

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 £21 million in accordance with arrangements made between the Government and the Bank in accordance with the Resolution, and

(b)

make payment 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 Bank pursuant to the arrangements mentioned in paragraph (a).