Law on Ratification of the Articles of Agreement of the International Development Association


Published: 0000-00-00

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
 
REPUBLIC OF LITHUANIA
LAW
on ratification of the articles of agreement of the international development association
 
16 June 2011 No XI-1456 Vilnius
 
 
 
Article 1. Ratification of the Articles of Agreement
Acting in accordance with subparagraph 16 of Article 67, subparagraph 5 of paragraph 1 of Article 138 of the Constitution of the Republic of Lithuania and having regard to President of the Republic Decree No 1K-677 of 29 April 2011, the Seimas of the Republic of Lithuania hereby ratifies the Articles of Agreement of the International Development Association drawn up at Washington on 26 January 1960 together with the terms and conditions of membership of the Republic of Lithuania in the International Development Association stipulated by Resolution No 218 of 3 April 2008 adopted by the Board of Governors of the International Development Association.   
 
Article 2. Statement of the Republic of Lithuania
Acting in accordance with Section 9 of Article VI of the Articles of Agreement of the International Development Association, the Seimas of the Republic of Lithuania hereby states that the Bank of Lithuania is designated as depository of the resources of the International Development Association held in Litas.
 
Article 3. Proposal to the Government of the Republic of Lithuania
1. Acting in accordance with Section 10 of Article VI of the Articles of Agreement of the International Development Association, the Government of the Republic of Lithuania shall designate an institution responsible for co-ordination of the issues of membership of the Republic of Lithuania in the International Development Association and ensuring compliance with the terms and conditions of membership as well as obligations assumed under the Articles of Agreement of the International Development Association and Resolution No 218 of 3 April 2008 adopted by the Board of Governors of the International Development Association. 
2. The Government of the Republic of Lithuania shall take decisions on subscriptions of the Republic of Lithuania under Section 1 of Article III of the Articles of Agreement of the International Development Association.
 
I promulgate this Law passed by the Seimas of the Republic of Lithuania.
 
 
PRESIDENT OF THE REPUBLIC                                          DALIA GRYBAUSKAITĖ