Sri Lanka Consolidated Acts

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International Development Association Agreement Act (No. 7 of 1961) - Sect 2

Authorization of signature of Articles of Agreement of the International Development Association

2. The Minister of Finance is hereby authorized by instrument under his hand to empower such person as may be named in the instrument, on behalf of the Government of Ceylon,-
(a) to sign the Articles of Agreement (hereinafter referred to as " the Articles") of the International Development Association (hereinafter referred to as " the Association ") which are set out in the Schedule to this Act, and
(b) to deposit with the International Bank for Reconstruction and Development (hereinafter referred to as " the Bank") an instrument stating that the Government has accepted the Articles without reservation in accordance with the law of Ceylon and has taken all steps to enable the Government to carry out all the obligations of the Government under the Articles,
in order that Ceylon which is entitled to be an original member of the Association under Section 1 (a) of Article II of the Articles and Schedule A to the Articles, may accept membership in the Association.


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