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INTERNATIONAL DEVELOPMENT ASSOCIATION ACT.

ARRANGEMENT OF SECTIONS.

   Section

   1.   Interpretation.

   2.   Acceptance of agreement.

   3.   Financial provisions.

   4.   Certain provisions of agreement to have force of law.

   5.   Effect of certain East African Community Acts modified.

 

      Schedule   Provisions of the Articles of Agreement of the International Development Association which have the force of law.

 

CHAPTER 189
INTERNATIONAL DEVELOPMENT ASSOCIATION ACT.

Commencement: 22 February, 1963.

   An Act to make provision with respect to acceptance by Uganda of an international agreement for the establishment and operation of an International Development Association and to provide for matters related thereto.

   WHEREAS on the 26th"> January, 1960, the executive directors of the International Bank for Reconstruction and Development approved Articles of Agreement (hereafter in this Act referred to as the "agreement") providing for the establishment and operation of an international body to be called the International Development Association (hereafter in this Act referred to as the "association"):

   AND WHEREAS copies of the text of the agreement have been laid before the National Assembly:

   AND WHEREAS it is expedient that Uganda should become a member of the association and that provision should be made for acceptance by Uganda of the agreement and for carrying out the obligations of Uganda under it:

   BE IT THEREFORE enacted—

 

1.   Interpretation.

   In this Act, unless the context otherwise requires, "Minister" means the Minister for the time being responsible for finance.

 

2.   Acceptance of agreement.

   The Minister is authorised by instruments under his or her hand to empower such persons as may be named in the instruments, on behalf of the Government of Uganda—

   (a)   to sign the agreement; and

   (b)   to deposit with the International Bank for Reconstruction and Development an instrument of acceptance of the agreement stating that the Government of Uganda has accepted in accordance with its law the agreement and the terms and conditions prescribed under it as the terms upon which the Government of Uganda shall be admitted to

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