The Asian Development Bank (Thirteenth Replenishment of the Asian Development Fund) Order 2025
This Order approves the making of payments on behalf of the Government of the United Kingdom to the Asian Development Bank of sums not exceeding £120 million as a contribution to the thirteenth replenishment of the Asian Development Fund (the “Fund”). The payments approved by this Order will be made pursuant to Resolution No. 427 adopted by the Board of Governors of the Asian Development Bank on 1st October 2024. The Order also provides for the redemption of non-interest-bearing and non-negotiable notes issued by the Secretary of State pursuant to arrangements between the Government and the Bank.
Lifecycle
Department
Made
07 Jul 2025
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In force
08 Jul 2025
Enabling power
the Act The Secretary of State makes this Order in exercise of the powers conferred by section 11(4) of the International Development Act 2002 (“”)for the purposes of approving a payment under section 11(3) of the Act. Section 11 of the Act provides that where the Government of the United Kingdom becomes bound to make a relevant paymentto a multilateral development bankthe Ministermay make the relevant payment and other associated payments specified in section 11(3). Section 11(4) of the Act provides that section 11(3) applies to a payment only if it is approved by an order made by the Treasury, or by the Secretary of State with the approval of the Treasury. In accordance with section 11(5) of the Act, a draft of this Order has been laid before the House of Commons and approved by resolution of that House.
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