The International Development Association (Sixteenth Replenishment) Order 2011

• Citation: S.I. 2012/492
• Sections: 3

Section 1 Citation and commencement

This Order may be cited as the International Development Association (Sixteenth Replenishment) Order 2011 and comes into force on the day after the day on which it is made.

Section 2 Interpretation

In this Order—

“ the Association ” means the International Development Association established by an agreement dated 29th January 1960 and accepted on behalf of the Government on 14th September 1960 ;

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

“ the Resolution ” means Resolution No 227 entitled ‘Additions to Resources: Sixteenth Replenishment’ adopted by the Board of Governors of the Association on 26th April 2011.

Section 3 Relevant Payments

The Secretary of State may, on behalf of the Government—

(a) make payment of a further contribution to the Association not exceeding 2,664,000,000 pounds sterling 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 the Secretary of State and accepted by the Association pursuant to the arrangements mentioned in paragraph (a),

in accordance with section 11 of the International Development Act 2002.