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The Multilateral Investment Guarantee Agency (Further Subscription to Capital Stock) Order 2000
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- 2000 No. 1406
- Explanatory Note
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Explanatory Note
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This Order provides for the payment to the Multilateral Investment Guarantee Agency (MIGA) of a subscription equivalent of US$40,088,100 to the increased authorised capital stock of the Agency pursuant to arrangements made with the Agency in accordance with Resolution No. 57 concerning the general increase in the capital stock of the Agency adopted by the Board of Governors of the Agency on 29th March 1999. The Order also provides for the redemption of non-interest-bearing and non-negotiable notes issued by the Secretary of State in payment of that subscription. It further provides that certain sums that may be received by the Government of the United Kingdom from the Agency shall be paid to the Consolidated Fund. The provisions of the Resolution may be obtained by application to the Department for International Development, 94 Victoria Street, London SW1E 5JL.
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