Explanatory note

This Order approves the making of payments on behalf of the Government of the United Kingdom to the Caribbean Development Bank (the “Bank”) of sums not exceeding £21 million as a contribution to the Eleventh Replenishment of the Special Development Fund (Unified) (the “Fund”). The payments approved by this Order will be made pursuant to the Resolution adopted by the contributors to the Fund on 14th March 2025. The Order also provides for the redemption of non-interest-bearing and non-negotiable notes issued by the Secretary of State pursuant to arrangements between the Government and the Bank.

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

The Resolution referred to in this Order is available online at: https://www.caribank.org/our-work/programmes/special-development-fund; a copy may be obtained by application to the Foreign, Commonwealth and Development Office, King Charles Street, London SW1A 2AH.