Bretton Woods Agreements (Amendment) Act 2022
|
Amendment of Bretton Woods Agreements (Amendment) Act 1999 | ||
|
9. The Bretton Woods Agreements (Amendment) Act 1999 is amended— | ||
(a) in section 1, by the substitution of the following definition for the definition of “ESAF Trust”: | ||
“‘PRGT’ means the Poverty Reduction and Growth Trust, formerly known as the Enhanced Structural Adjustment Facility Trust, established pursuant to Decision No. 8759-(87/176) adopted by the Executive Board of the International Monetary Fund on 18 December 1987, as amended from time to time;”, | ||
(b) in section 4— | ||
(i) in subsection (1), by the substitution of “PRGT” for “ESAF Trust” in each place where it occurs, and | ||
(ii) by the substitution of the following subsection for subsection (5): | ||
“(5) The aggregate amount of sums that the Minister may pay in respect of the PRGT for the purposes of subsection (1) shall not exceed €75,000,000.”, | ||
(c) in section 7, by the substitution of “PRGT” for “ESAF Trust”, and | ||
(d) in section 10(2)— | ||
(i) by the substitution of “1957 to 2022” for “1957 to 1999” in each place where it occurs, | ||
(ii) in paragraph (d), by the substitution of “section 9(10);” for “section 9(10).”, and | ||
(iii) by the insertion of the following paragraph after paragraph (d): | ||
“(e) a copy of the report submitted by the Central Bank to the Minister under section 4 (8) of the Bretton Woods Agreements (Amendment) Act 2022.”. |