14.Section 2 defines in more detail the debts to which the Initiative applies and to which the Act applies. The definition is based on that used by the World Bank and IMF in determining which debts are included within the Initiative.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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