Statutory Instruments
2000 No. 1397
OVERSEAS DEVELOPMENT AND CO-OPERATION 1
The African Development Fund (Eighth Replenishment) Order 2000
Made
16th May 2000
Coming into force
17th May 2000
Whereas it is provided in section 4(1) of the Overseas Development and Co-operation Act 1980(“the Act”)( 1 ) that if the Government of the United Kingdom becomes bound by arrangements for the making of any further payment to an international development bank beyond the initial subscription or other contribution to its capital stock, the Secretary of State may with the approval of the Treasury by order made by statutory instrument make provision for any of the purposes specified in that subsection;
And whereas a draft of this Order has been laid before the House of Commons in accordance with section 4(3) of the Act and has been approved by a resolution of that House;
Now, therefore, the Secretary of State, in exercise of the powers conferred upon her by section 4 of the Act and with the approval of the Treasury, hereby makes the following Order:
1. —(1) This Order may be cited as the African Development Fund (Eighth Replenishment) Order 2000 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( 2 ); 2
“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/99/09 concerning additions to the Resources of the Fund: Eighth General Replenishment, adopted by the Board of Governors of the Fund on 30th June 1999.
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 £98,639,079 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.
3. Any sums received by the Government in pursuance of the said arrangements shall be paid to the Consolidated Fund.
Clare Short
One of Her Majesty’s Principal Secretaries of State
11th May 2000
We approve,
Clive Betts
Bob Ainsworth
Two of the Lords Commissioners of Her Majesty’s Treasury
16th May 2000
Cmnd. 7551.