# The International Monetary Fund (Limit on Lending) Order 2010

Draft 2010, ISBN 9780111499573

This Order increases the total amount that the United Kingdom can loan the International Monetary Fund (IMF) from 12,470 million to 18,657.38 million special drawing rights.

Made under: International Monetary Fund Act 1979 (Section 2)

PDFs: Printed copy https://openlegislation.uk/draft-international-monetary-fund-limit-on-lending-order-2010/pdf/ukdsi_9780111499573_en.pdf; Explanatory Memorandum https://openlegislation.uk/draft-international-monetary-fund-limit-on-lending-order-2010/pdf/ukdsiem_9780111499573_en.pdf

## Introductory text

Draft Order laid before the House of Commons under section 2(3) of the International Monetary Fund Act 1979, for approval by resolution of that House.
International Monetary Fund
Made ***
Coming into force in accordance with article 1(2)
This Order is made in the exercise of the powers conferred by section 2(2) of the International Monetary Fund Act 1979.
A draft of this Order has been laid before the House of Commons in accordance with section 2(3) of that Act and approved by a resolution of that House.
Accordingly, the Treasury make the following Order:

## 1 Citation and commencement

(1) This Order may be cited as the International Monetary Fund (Limit on Lending) Order 2010.
(2) This Order comes into force on the day after the day on which it is made.

## 2 Increase in limit on lending

The limit on lending imposed by section 2(1) of the International Monetary Fund Act 1979 is raised to 18,657.38 million special drawing rights.

## 3 Revocation

The International Monetary Fund (Limit on Lending) Order 2009 is revoked.

## Signature

xx
xx
Two of the Lords Commissioners of Her Majesty’s Treasury
Date

## Explanatory note

(This note is not part of the Order)
This Order increases the total amount that the United Kingdom can loan the International Monetary Fund (IMF) from 12,470 million to 18,657.38 million special drawing rights.
The limit was previously increased from 2,577 million to 12,470 million special drawing rights by the International Monetary Fund (Limit on Lending) Order 2009 (S.I. 2009/1830), which is revoked by this Order.
A special drawing right is the unit of account used by the IMF. Its value is calculated daily as a weighted average of the US dollar, euro, yen and pound sterling. Its value can be found on the IMF’s website (www.imf.org).

---
Source: https://www.legislation.gov.uk/ukdsi/2010/9780111499573 (the official version)
Page: https://openlegislation.uk/draft-international-monetary-fund-limit-on-lending-order-2010
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.