CHAPTER 361
INTERNATIONAL DEVELOPMENT ASSOCIATION ACT

Arrangement of Sections

   Section

   1.   Short title

   2.   Interpretation

   3.   Acceptance of agreement and resolution

   4.   Financial provisions

   5.   Certain provisions of agreement to have force of law

   6.   Bank of Zambia to be depositary and channel of communication

      FIRST SCHEDULE

      SECOND SCHEDULE

AN ACT

to make provision for acceptance by Zambia of the agreement for the establishment and operation of the International Development Association; and to provide for matters related thereto.

[10th September, 1965]

Act 53 of 1965.

1.   Short title

This Act may be cited as the International Development Association Act.

2.   Interpretation

In this Act, unless the context otherwise requires—

"the Association" means the International Development Association;

"the Association Agreement" means the agreement providing for the establishment and operation of the Association;

"the Association Resolution" means the resolution of the Board of Governors of the Association relating to membership of Zambia in the Association, the text of which is set out in the First Schedule.

3.   Acceptance of agreement and resolution

The President is hereby authorised by instruments under his hand to empower such persons as may be named in such instruments, on behalf of the Government of Zambia—

      (a)   to sign the Association Agreement; and

      (b)   to deposit with the International Bank for Reconstruction and Development an instrument of acceptance of the Association Agreement executed by the President stating that—

      (i)   the Government of Zambia accepts in accordance with its law the Association Agreement and the terms and conditions prescribed in the Association Resolution as the terms upon which Zambia shall be admitted to membership in the Association; and

      (ii)   the Government of Zambia has taken all steps necessary to enable Zambia to carry out all its obligations under the Association Agreement and the Association Resolution.

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