The International Development Association (Fifteenth Replenishment) Order 2008

Made: 17th July 2008

Coming into force in accordance with Article 1

In accordance with section 11(5) of the Act, a draft of this Order has been laid before the House of Commons and approved by resolution of that House.

Citation

1

This Order may be cited as the International Development Association (Fifteenth Replenishment) Order 2008 and comes into force on the day after the day on which it is made.

Interpretation

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 on 14th September 1960²;

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

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

• “the Resolution” means Resolution 219 entitled ‘Additions to Resources: Fifteenth Replenishment’ adopted by the Board of Governors of the Association on 23rd April 2008.

Relevant Payments

3

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

• (a) make payment of a further contribution to the Association not exceeding £2,134,000,000 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 the Secretary of State and accepted by the Association in accordance with the arrangements mentioned in paragraph (a),

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

Signed

Douglas Alexander — Secretary of State — Department for International Development — 17th July 2008

We approve

Alan Campbell — Dave Watts — Two of the Lords Commissioners of Her Majesty’s Treasury — 17th July 2008

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

This Order approves the making of payments on behalf of the Government of the United Kingdom of sums not exceeding £2,134,000,000 as a further contribution to the resources of the International Development Association in accordance with the arrangements made pursuant to Resolution 219 adopted by the Board of Governors of the Association on 23rd April 2008.

The Order further approves the redemption of non-interest-bearing and non-negotiable notes issued by the Secretary of State in payment of the further contribution.

An impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.

The provisions of the Resolution referred to above may be obtained by application to the Department for International Development, 1 Palace Street, London SW1E 5HE.

Footnotes