The International Monetary Fund (Increase in Subscription) Order 2024
This Order authorises an increase in the amount of the United Kingdom’s subscription to the International Monetary Fund (the ″IMF″) in accordance with Resolution 79-1 of the Board of Governors of the IMF, which proposes an increase in the United Kingdom’s quota. Under Article III of the IMF’s Articles of Agreement, the subscription of each member is equal to its quota and a member must increase its subscription in order to increase its quota.
Lifecycle
Department
Made
20 May 2024
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In force
21 May 2024
Enabling power
The Treasury make the following Order in exercise of the power conferred by section 1(1)(a) of the Act.
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