Sri Lanka Consolidated Acts

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International Development Association Agreement Act (No. 7 of 1961) - Sect 4

Issue of notes or other obligations to the Association

4. The Minister of Finance, if he thinks fit so to do, may, on behalf of the Government, create and issue to the Association, in such form as he thinks fit, any such non-interest bearing and non-negotiable notes or similar obligations payable at par value on demand to the account of the Association as the Association may, under subsection (e) of Section 2 of Article II of the Articles, determine to accept in place of any part of the subscription paid in or payable by Ceylon under subsection (d) of Section 2 of Article II, and Section 2 of Article IV, of the Articles.


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