Singapore legislation

Clause 2

of Bretton Woods Agreements (Amendment) Bill

Clause 2

Amendment of section 3

Section 3 of the Bretton Woods Agreements Act (called in this Act the principal Act) is amended by inserting, immediately after the definition of “Fund Agreement”, the following definitions:“ “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;”.

Read in full context — Bretton Woods Agreements (Amendment) Bill →