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The International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2008
Made
17th July 2008
Coming into force in accordance with Article 1
This Order is made in exercise of the powers conferred by section 11 of the International Development Act 2002(1)("the Act").
In accordance with section 11(4) of the Act, the Secretary of State makes this Order 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.
Citation and commencement
1. This Order may be cited as the International Development Association (Multilateral Debt Relief Initiative) (Amendment) Order 2008 and comes into force on the day after the day on which it is made.
Amendment of the Principal Order
2. Article 3 of the International Development Association (Multilateral Debt Relief Initiative) Order 2006(2) is amended as follows:
(a) after "on behalf of the Government" insert "and in accordance with section 11 of the International Development Act 2002";
(b) for "£591.57 million" substitute "£736.12 million".
Douglas Alexander
Secretary of State
Department for International Development
17th July 2008
We approve
Alan Campbell
Dave Watts
Two of the Lords Commissioners of Her Majesty´s Treasury
17th July 2008
EXPLANATORY NOTE
(This note is not part of the Order)
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 International Development Association from £591.57 million to £736.12 million. The adjusted amount is in accordance with arrangements made with the Association pursuant to Resolution 211 adopted by the Board of Governors of the Association on 21 April 2006.
An impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
The provisions of the Resolution referred to above may be obtained by application to the Department for International Development, 1 Palace Street, London SW1E 5HE.