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The International Development Association (Twelfth Replenishment) Order 2000

S.I. 2000/1399 · Made 16 May 2000

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.

OVERSEAS DEVELOPMENT AND CO-OPERATION1

Made 16th May 2000

Coming into force 17th May 2000

Whereas it is provided in section 6(2) of the Overseas Development and Co-operation Act 1980 (“the Act”)f1 that, if the Government of the United Kingdom becomes bound by arrangements for the making of additional payments to the International Development Association, the Secretary of State may with the approval of the Treasury by order made by statutory instrument provide for the payment out of money provided by Parliament of any sums required for any of the purposes specified in that subsection;

And whereas a draft of this Order has been laid before the House of Commons in accordance with section 6(3) of the Act and has been approved by a resolution of that House;

Now, therefore, the Secretary of State, in exercise of the powers conferred upon her by section 6 of the Act and with the approval of the Treasury, hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

1980 c. 63.

Contents

  1. 1Article 1
  2. 2Article 2
  3. 3Article 3
  4. Signature
  5. Explanatory note

1

(1)

This Order may be cited as the International Development Association (Twelfth Replenishment) Order 2000 and shall come into force forthwith.

(2)

In this Order–

  • “the Association” means the International Development Association established by the Agreement;

  • “the Agreement” means the Articles of Agreement of the International Development Association dated 29th January 1960 and accepted on behalf of the Government of the United Kingdom on 14th September 1960f1;2

  • “the Government” means the Government of the United Kingdom;

  • “the Resolution” means Resolution No. 194 entitled “Additions to Resources: Twelfth Replenishment” adopted by the Board of Governors of the Association on 8th April 1999.

2

The Secretary of State may, on behalf of the Government, out of money provided by Parliament–

(a)

make payment of a further contribution to the Association not exceeding in the aggregate £511,260,000 in accordance with arrangements made between the Government and the Association pursuant to the terms of 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 her and accepted by the Association pursuant to the arrangements mentioned in paragraph (a) above.

3

Any sums received by the Government from the Association in pursuance of the said arrangements shall be paid into the Consolidated Fund.

Signature

Clare Short

One of Her Majesty’s Principal Secretaries of State

11th May 2000

We approve,

Clive Betts

Bob Ainsworth

Two of the Lords Commissioners of Her Majesty’s Treasury

16th May 2000

Explanatory note

(This note is not part of the Order)

This Order provides for the payment on behalf of the Government of the United Kingdom of a sum not exceeding in the aggregate £511,260,000 as a further contribution to the International Development Association in accordance with the arrangements made with the Association pursuant to Resolution No. 194 adopted by the Board of Governors of the Association on 8th April 1999.

The Order further provides for the redemption of any non-interest-bearing and non-negotiable notes issued by the Secretary of State in payment of the further contribution. The Order also provides that any sums which may be received by the Government of the United Kingdom from the Association in pursuance of the arrangements relating to the further contribution shall be paid into the Consolidated Fund. The provisions of the Resolution of the Association may be obtained by application to the Department for International Development, 94 Victoria Street, London SW1E 5JL.