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The International Monetary Fund (Increase in Subscription) Order 1998
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- 1998 No. 1854
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
This Order authorises an increase in the amount of the United Kingdom’s subscription to the International Monetary Fund in accordance with a proposal for an increase in the United Kingdom’s quota under section 3(a) of Article III of the Fund’s Articles of Agreement. (Under section 1 of Article III, the subscription of each member of the Fund is equal to its quota).
The increase is 3,323.9 million Special Drawing Rights, raising the subscription from 7,414.6 million to 10,738.5 million Special Drawing Rights.
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