Sri Lanka Consolidated Acts

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Bretton Woods Agreements (Amendment) Act (No. 16 of 1992) - Sect 2

Amendment of section 10 of Chapter 424

2. Section 10 of the Bretton Woods Agreements Act is hereby amended by the repeal of the definition of "Fund Agreement'' and the substitution therefor of the following definition : " Fund Agreement means the Articles of Agreement of the International Monetary Fund as originally adopted and as subsequently amended"
(a) in order to institute a facility based on Special Drawing Rights (the text of which amendment was laid before the House of Representatives on November 23, 1968) ; and
(b) in order to establish a new International Monetary System (which amendment was incorporated in the text of the articles of Agreement of the Fund laid before the National State Assembly on April 4, 1978) ; and
(c) in order to provide for the suspension of voting and related rights of a member country which does not fulfill its obligations under such Articles (the text of which amendment was laid before Parliament on October 11, 1991).'.


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