Bretton Woods Agreements (Amendment) Act, 1999

Definitions.

1.—In this Act—

“Act of 1977” means the Bretton Woods Agreements (Amendment) Act, 1977 ;

“BIS” means the Bank for International Settlements;

“BIS Facility” means the Credit Facility of the Bank for International Settlements in favour of Banco Central do Brazil;

“ESAF Trust” means the Enhanced Structural Adjustment Facility Trust established pursuant to Decision No. 8759 — (87/176) of the Executive Board of the International Monetary Fund taken on 18 December, 1987, as amended;

“HIPC Debt Initiative Trust Fund” means the Trust Fund established pursuant to Resolution No. 96-9 of the Executive Directors of the World Bank and Resolution No. IDA 96-5 of the Executive Directors of the International Development Association;

“HIPC Trust” means the Trust for Special ESAF Operations for Heavily Indebted Poor Countries and Interim ESAF Subsidy Operations established pursuant to Decision No. 11436 — (97/10) ESAF of the Executive Board of the International Monetary Fund taken on 4 February, 1997, as amended;

“Minister” means the Minister for Finance;

“Principal Act” means the Bretton Woods Agreements Act, 1957 ;

“proposed amendment” means the amendment which it is proposed to make to the Fund Agreement the text of which amendment is set out in the Schedule to this Act;

“SCA-2 Account” means the Second Special Contingent Account set up pursuant to Decision No. 9471 - (90/98) of the Executive Board of the International Monetary Fund taken on 20 June, 1990, as amended;

“Substitution Agreement” means the Substitution Agreement between the BIS and participating Central Banks which forms part of the BIS Facility.