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The International Finance Corporation (General Capital Increase) Order 2019
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This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The International Finance Corporation (General Capital Increase) Order 2020 No. 1442
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3. The Secretary of State may, on behalf of the Government—
(a)make payment of a further subscription to the increased authorised capital stock of the Corporation of sums not exceeding in the aggregate the equivalent of 261,749,000 United States Dollars pursuant to arrangements made between the Government and the Corporation;
(b)make payment of sums required to maintain the value of the payment mentioned in paragraph (a) in accordance with any arrangements made between the Government and the Corporation; and
(c)make payment of sums required to redeem any non-interest-bearing and non-negotiable notes or other obligations which may be issued or created by the Secretary of State and accepted by the Corporation pursuant to the arrangements mentioned in paragraph (a),
in accordance with section 11 of the International Development Act 2002.
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