OpenLegislation

The International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2017

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

Draft 2017, ISBN 9780111158678

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 for approval by resolution of the House of Commons.

International Development

Made 2017

Coming into force in accordance with article 1

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

The International Development Association referred to in this Order comes within the definition, in section 11(2) of the Act, of a “multilateral development bank”.

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

Accordingly, the Secretary of State for International Development makes the following Order:

Annotations to the whole text

Footnotes

f1

2002 c.1.

Contents

  1. 1Citation and commencement
  2. 2Amendment to the 2006 Order
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2017 and comes into force on the day after the day on which it is made.

2Amendment to the 2006 Order

In Article 3 of the International Development Association (Multilateral Debt Relief Initiative) Order 2006 for “£1,691.71 million” substitute “£2,154.17 million”f1.

Signature

Name

One of Her Majesty’s Principal Secretaries of State

Date

We approve,

Name

Name

Two of the Lords Commissioners of Her Majesty’s Treasury

Date

Explanatory note

(This note is not part of the Order)

This Order amends the International Development Association (Multilateral Debt Relief Initiative) Order 2006 by increasing the amount that may be paid by the Secretary of State as additional contributions to the Association for debt relief from £1,691.71 million to £2,154.17 million. The adjusted amount is in accordance with arrangements made with the Association pursuant to Resolution No 211 adopted by the Board of Governors of the Association on 21st April 2006.

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

The provisions of the Resolution mentioned in this Order may be obtained by application to the Department for International Development, 22 Whitehall, London SW1A 2EGf1.