Singapore legislation

Section 3

of Bretton Woods Agreements Act 1966

Section 3

Interpretation

Amended by18/2016

In this Act —“Fund” means the International Monetary Fund established under the Fund Agreement;“Fund Agreement” means the Articles of Agreement of the International Monetary Fund as originally adopted and as subsequently amended —

(a)

pursuant to Resolution No. 23-5 adopted by the Board of Governors of the Fund on 31 May 1968 in order to institute a facility based on special drawing rights; and

(b)

pursuant to Resolution No. 31-4 adopted by the Board of Governors of the Fund on 30 April 1976 in order to establish a reformed international monetary system;“Fund arrangement” means —

(a)

the credit arrangements provided pursuant to Decision No. 11428‑(97/6), dated 27 January 1997, of the Executive Board of the Fund, as subsequently amended and renewed by the decisions of the Executive Board of the Fund; or

(b)

any arrangement established by the Fund under section 1 of Article VII of the Fund Agreement;“Fund program” means —

(a)

the Poverty Reduction and Growth Trust established pursuant to Decision No. 8759‑(87/176), dated 18 December 1987, of the Executive Board of the Fund and as subsequently amended and renewed by the decisions of the Executive Board of the Fund; or

(b)

any program administered by the Fund in accordance with section 2 of Article V of the Fund Agreement;“Monetary Authority of Singapore” means the Monetary Authority of Singapore established under section 3 of the Monetary Authority of Singapore Act 1970.

Definition

“Fund” means the International Monetary Fund established under the Fund Agreement;

Definition

“Fund Agreement” means the Articles of Agreement of the International Monetary Fund as originally adopted and as subsequently amended —

(a)

pursuant to Resolution No. 23-5 adopted by the Board of Governors of the Fund on 31 May 1968 in order to institute a facility based on special drawing rights; and

(b)

pursuant to Resolution No. 31-4 adopted by the Board of Governors of the Fund on 30 April 1976 in order to establish a reformed international monetary system;

Definition

“Fund arrangement” means —

(a)

the credit arrangements provided pursuant to Decision No. 11428‑(97/6), dated 27 January 1997, of the Executive Board of the Fund, as subsequently amended and renewed by the decisions of the Executive Board of the Fund; or

(b)

any arrangement established by the Fund under section 1 of Article VII of the Fund Agreement;

Definition

“Fund program” means —

(a)

the Poverty Reduction and Growth Trust established pursuant to Decision No. 8759‑(87/176), dated 18 December 1987, of the Executive Board of the Fund and as subsequently amended and renewed by the decisions of the Executive Board of the Fund; or

(b)

any program administered by the Fund in accordance with section 2 of Article V of the Fund Agreement;

Definition

“Monetary Authority of Singapore” means the Monetary Authority of Singapore established under section 3 of the Monetary Authority of Singapore Act 1970.

Amended by18/2016
Section 3 — Bretton Woods Agreements Act 1966 | laws.sg