The International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2023

Made: 24th January 2023

Coming into force: 25th January 2023

Accordingly, the Secretary of State makes the following Order:

Citation and commencement

1

This Order may be cited as the International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2023 and comes into force on the day after the day on which it is made.

Amendment to the 2006 Order

2

In article 3 of the International Development Association (Multilateral Debt Relief Initiative) Order 2006 for “£2,716.49 million” substitute “£2,835.97 million”[^f00002].

Signed

Andrew Mitchell — Minister of State — Foreign, Commonwealth and Development Office — 18th January 2023

We approve,

Nigel Huddleston — Steve Double — Two of the Lords Commissioners of His Majesty’s Treasury — 24th January 2023

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

This Order amends the International Development Association (Multilateral Debt Relief Initiative) Order 2006 by increasing the amount that may be paid by the Secretary of State as additional contributions to the Association for debt relief from £2,716.49 million to £2,835.97 million. The adjusted amount is in accordance with arrangements made with the Association pursuant to Resolution No. 211 adopted by the Board of Governors of the Association on 21st April 2006.

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

The provisions of Resolution No. 211 may be obtained by application to the Foreign, Commonwealth and Development Office, King Charles Street, London SW1A 2AH and are available online at https://documents1.worldbank.org/curated/en/768971470993173182/pdf/107820-BR-Box396272B-PUBLIC-IDA211-AdditionstoResources-FinancingtheMultilateralDebtRelifInitiative.pdf.

Footnotes

[^f00001]: 2002 c. 1. Section 11(3) and (4) was amended by S.I. 2017/1283.

[^f00002]: S.I. 2006/2323. The figure of £2,716.49 million in article 3 of the 2006 Order was substituted by article 2 of the International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2020 (S.I. 2020/1440).