The International Development Association (Twelfth Replenishment) Order 2000

• Citation: S.I. 2000/1399
• Sections: 3

Section 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 1960 ; 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.

Section 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.

Section 3

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