The Caribbean Development Bank (Eleventh Replenishment of the Special Development Fund (Unified)) Order 2026
This Order approves the making of payments on behalf of the Government of the United Kingdom to the Caribbean Development Bank (the “Bank”) of sums not exceeding £21 million as a contribution to the Eleventh Replenishment of the Special Development Fund (Unified) (the “Fund”). The payments approved by this Order will be made pursuant to the Resolution adopted by the contributors to the Fund on 14th March 2025. 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
24 Mar 2026
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Comes into force
TBC
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). In accordance with section 11(4) of the Act, this Order is made 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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