Singapore legislation

Section 8

of Bretton Woods Agreements Act 1966

Section 8

Other payments to International Bank

There shall be charged on the Consolidated Fund —

(a)

all sums payable to the International Bank for Reconstruction and Development under section 9 of Article II of the Bank Agreement (which relates to changes in the par of foreign exchange value of currencies of members); and

(b)

all sums required for the redemption of any notes or obligations created and issued to that Bank under this Act.

Read in full context — Bretton Woods Agreements Act 1966 →