4. Financial provision for membership subscriptions
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Subject to subsection (2), all sums necessary for the purpose of making all payments of subscriptions on behalf of the Government required to be made to the Association under the Agreement and the membership resolution are charged on and must be paid out of the Consolidated Fund.
Association
“Association” means the International Development Association established by the Agreement;
Subject to subsection (3), the total subscription to the Association must not exceed the sum of one million United States dollars unless increased with the approval of Parliament signified by resolution.
Any additional subscription made on any occasion on behalf of the Government to the Association by reason of Singapore’s membership of the Association under the Agreement and the membership resolution must be authorised by, and must not exceed the maximum amount specified in, a resolution of Parliament for that occasion.
Agreement
“Agreement” means the Articles of Agreement opened for signature at Washington on 24 September 1960 providing for the establishment and operation of the international body known as the International Development Association;