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Statutory Instruments

2006 No. 2323

INTERNATIONAL DEVELOPMENT

The International Development Association (Multilateral Debt Relief Initiative) Order 2006

Made

14th June 2006

Coming into force

14th June 2006

This Order is made in exercise of the powers conferred by section 11 of the International Development Act 2002(“the Act”)( 1 ).

Section 11 of the Act provides that where the Government of the United Kingdom becomes bound to make a relevant payment to a multilateral development bank, the Secretary of State may make the relevant payment and other associated payments specified in section 11(3). The payments must be approved by an order made by the Secretary of State with the approval of the Treasury.

“Relevant payment” in relation to such a bank includes a further payment to the bank required to be made by the members under any arrangements beyond the initial subscription or other initial contribution to the capital stock of the bank.

In accordance with section 11(4) of the Act, this Order is made by the Secretary of State with the approval of the Treasury.

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.

Accordingly, the Secretary of State for International Development makes the following Order:

Citation and commencement

1. This Order may be cited as the International Development Association (Multilateral Debt Relief Initiative) Order 2006 and shall come into force forthwith.

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 of the United Kingdom on 14th September 1960( 2 );

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

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

“the Resolution” means Resolution 211 entitled “International Development Association Additions To Resources: Multilateral Debt Relief Initiative” adopted by the Board of Governors of the Association on 21 April 2006.

Relevant Payments

3. The Secretary of State may, on behalf of the Government, out of money provided by Parliament—

(a) make payments to the Association not exceeding £591.57 million 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 him and accepted by the Association pursuant to the arrangements mentioned in paragraph (a).

Hilary Benn

One of Her Majesty’s Principal Secretaries of State

24th May 2006

We approve,

Frank Roy

Alan Campbell

Two of the Lords Commissioners of Her Majesty’s Treasury

14th June 2006

( 1 )

( 2 )

Cmnd 1244

1. Citation and commencement

2. Interpretation

3. Relevant Payments

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

The International Development Association (Multilateral Debt Relief Initiative) Order 2006 (2006/2323)

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footnote	commentary	transitional and savings	in force status	related provisions	geo extent	insert/omit	source count	in force adj

Defined Term	Section/Article	ID	Scope of Application
the Act	Unknown	(“_prnQ4v6W
the Agreement	art. 2.	the_Agreem_rtg9EdO
the Association	art. 2.	the_Associ_rtMqI5A
the Government	art. 2.	the_Govern_rtGGPC2
the Resolution	art. 2.	the_Resolu_rtn5UKm

Sort descending by Changed Legislation	Sort descending by Year and Number	Changed Provision	Type of effect	Sort descending by Affecting Legislation Title	Sort descending by Year and Number	Affecting Provision	Sort descending by Changes made to website text	Note
Changes that affect				Made by
The International Development Association (Multilateral Debt Relief Initiative) Order 2006	2006 No. 2323	art. 3	sum substituted	The International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2023	2023 No. 73	art. 2	Not yet
The International Development Association (Multilateral Debt Relief Initiative) Order 2006	2006 No. 2323	art. 3	sum substituted	The International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2020	2020 No. 1440	art. 2	Not yet
The International Development Association (Multilateral Debt Relief Initiative) Order 2006	2006 No. 2323	art. 3	words substituted	The International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2017	2017 No. 1195	art. 2	Not yet
The International Development Association (Multilateral Debt Relief Initiative) Order 2006	2006 No. 2323	art. 3	words substituted	The International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2014	2014 No. 3056	art. 2	Not yet
The International Development Association (Multilateral Debt Relief Initiative) Order 2006	2006 No. 2323	art. 3	words substituted	The International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2011	2012 No. 520	art. 2	Not yet

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