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The African Development Fund (Multilateral Debt Relief Initiative) (Amendment) Order 2023
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Draft Legislation:
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The African Development Fund (Multilateral Debt Relief Initiative) (Amendment) Order 2023 No. 1291
Draft Order laid before the House of Commons under section 11(5) of the International Development Act 2002, for approval by resolution of the House of Commons.
Draft Statutory Instruments
2023 No.
International Development
The African Development Fund (Multilateral Debt Relief Initiative) (Amendment) Order 2023
Made
***
Coming into force
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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, this Order is made 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 makes the following Order.
Citation and commencement
1. This Order may be cited as the African Development Fund (Multilateral Debt Relief Initiative) (Amendment) Order 2023 and comes into force on the day after the day on which it is made.
Amendment to the 2006 Order
2. In article 3 of the African Development Fund (Multilateral Debt Relief Initiative) Order 2006 for “£395.45 million” substitute “£451.87 million”(2).
Name
Minister of State
Foreign, Commonwealth and Development Office
Date
We approve,
Name
Name
Two of the Lords Commissioners of His Majesty’s Treasury
Date
EXPLANATORY NOTE
(This note is not part of the Order)
This Order amends the African Development Fund (Multilateral Debt Relief Initiative) Order 2006(3) by increasing the amount that may be paid by the Secretary of State as additional contributions to the African Development Fund from £395.45 million to £451.87 million. The adjusted amount is in accordance with arrangements made with the Fund pursuant to Resolution F/BG/2006/12 adopted by the Board of Governors of the Fund on 18th May 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 Resolution F/BG/2006/12 may be obtained by application to the Foreign, Commonwealth and Development Office, King Charles Street, London SW1A 2AH.
(1)
2002 c. 1. Section 11(3) and (4) were amended by S.I. 2017/1283.
(2)
S.I. 2006/2321. The figure of £395.45 million in article 3 of the 2006 Order was substituted by article 2 of S.I. 2020/1428.
(3)
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