The African Development Fund (Ninth Replenishment) Order 2003

• Citation: S.I. 2003/1739
• Sections: 2

Section 1

(1) This Order may be cited as the African Development Fund (Ninth Replenishment) Order 2003 and shall come into force forthwith.

(2) In this Order—

“the Agreement” means the Agreement establishing the African Development Fund dated 29th November 1972, as ratified by the Government of the United Kingdom on 30th June 1973 ;

“the Fund” means the African Development Fund established by the Agreement;

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

“the Resolution” means Resolution F/BG/2002/09 adopted by the Board of Governors of the Fund by correspondence on 16th December 2002.

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 Fund not exceeding £81,793,375 in accordance with arrangements made between the Government and the Fund in accordance with 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 Fund pursuant to the arrangements mentioned in paragraph (a) above.