Statutory Instruments
2009 No. 1830
International Monetary Fund
The International Monetary Fund (Limit on Lending) Order 2009
Made
8th July 2009
Coming into force in accordance with article 1(2)
This Order is made in the exercise of the powers conferred by section 2(2) of the International Monetary Fund Act 1979( 1 ).
A draft of this Order has been laid before the House of Commons in accordance with section 2(3) of that Act and approved by a resolution of that House.
Accordingly, the Treasury make the following Order:
Citation and commencement
1. —(1) This Order may be cited as the International Monetary Fund (Limit on Lending) Order 2009.
(2) This Order comes into force on the day after the day on which it is made.
Increase in limit on lending
2. The limit on lending imposed by section 2(1) of the International Monetary Fund Act 1979( 2 ) is raised to 12,470 million special drawing rights.
Revocation
3. The International Monetary Fund (Limit on Lending) Order 1997( 3 ) is revoked.
Tony Cunningham
Bob Blizzard
Two of the Lords Commissioners of Her Majesty’s Treasury
8th July 2009
Subsections (1) and (1A) were substituted for subsection (1) as originally enacted by the International Monetary Arrangements Act 1983 (c. 51) , section 1. The limit on lending was raised to 2,577 million special drawing rights by S.I. 1997/1611 .
S.I. 1997/1611 .