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Statutory Instruments

2023 No. 853

International Development

The Commonwealth Development Corporation (Limit on Government Assistance) Regulations 2023

Made

19th July 2023

Coming into force in accordance with regulation 1

These Regulations are made in exercise of the power conferred by section 15(4) of the Commonwealth Development Corporation Act 1999( 1 ) (the “ Act ”).

In accordance with section 15(6) of the Act, a draft of these Regulations has been laid before the House of Commons and approved by a resolution of that House.

Accordingly, the Secretary of State makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Commonwealth Development Corporation (Limit on Government Assistance) Regulations 2023 and come into force on the day after the day on which they are made.

Amount of the limit on government assistance

2. In section 15(1) of the Commonwealth Development Corporation Act 1999 (limit on government assistance) for “£6,000 million” substitute “£9,500 million” .

Andrew Mitchell

Minister of State

Foreign, Commonwealth and Development Affairs

19th July 2023

( 1 )

1999 c. 20 ; section 15 was amended by Commonwealth Development Corporation Act 2017 (c. 5) , section 1, which increased the previous limit on government assistance of £1,500 million to £6,000 million and provided the power to make further increases not exceeding £12,000 million.

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Commonwealth Development Corporation (Limit on Government Assistance) Regulations 2023 (2023/853)

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