The European Bank for Reconstruction and Development (Further Payments to Capital Stock) Order 2024
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Change 1
3 Relevant Payments
In accordance with section 11 of the International Development Act 2002, the Minister may, on behalf of the Government of the United Kingdom— (a) make further payments to the capital stock of the Bank not exceeding in aggregate 343,600,000 euros in accordance with arrangements made between the Government and the Bank in accordance with the Resolution, and (b) make payment of sums required to redeem any non-interest-bearing and non-negotiable notes or other obligations which may be issued or created by the Minister and accepted by the Bank pursuant to the arrangements mentioned in paragraph (a).
3 Relevant Payments
In accordance with section 11 of the International Development Act 2002, the Minister may, on behalf of the Government of the United Kingdom— (a) make further payments to the capital stock of the Bank not exceeding in aggregate 343,600,000 euros in accordance with arrangements made between the Government and the Bank in accordance with the Resolution, and (b) make payment of sums required to redeem any non-interest-bearing and non-negotiable notes or other obligations which may be issued or created by the Minister and accepted by the Bank pursuant to the arrangements mentioned in paragraph (a).
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