The International Development Association (Thirteenth Replenishment) Order 2002

• Citation: S.I. 2003/700
• Sections: 2

Section 1

(1) This Order may be cited as the International Development Association (Thirteenth Replenishment) Order 2003 and shall come into force forthwith.

(2) In this Order—

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

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

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

“the Resolution” means Resolution No. 204 entitled “Additions to Resources: Thirteenth Replenishment” adopted by the Board of Governors of the Association on 29th September 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 Association not exceeding £1,000,000,000 in accordance with arrangements made between the Government and the Association 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 Association pursuant to the arrangements mentioned in paragraph (a) above.