Rs 979.1 Federal Law Of October 4, 1991, On The Participation Of Switzerland In The Bretton Woods Institutions

Original Language Title: RS 979.1 Loi fédérale du 4 octobre 1991 concernant la participation de la Suisse aux institutions de Bretton Woods

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979.1 Federal law on the participation of Switzerland in the Bretton Woods institutions on 4 October 1991 (State on February 1, 2002) the Federal Assembly of the Swiss Confederation, given the responsibility of the Confederation in Foreign Affairs, saw art. 39 of the constitution, given the message of the federal Council on 15 May 1991, stop: art. 1 scope of application this Act contains guidelines related to the participation of Switzerland in the international monetary fund, the International Bank for reconstruction and development, the International Development Association, and the International Finance Corporation, (known as the Bretton Woods institutions).

Art. International 2Accords the federal Council is empowered to conclude international agreements, within the limits of the appropriations, concerning capital increases of the International Bank for reconstruction and development, the International Development Association and of the International Finance Corporation.
Before subscribing to increases in capital under para. 1, the federal Council informed the Federal Assembly.
Participation in the international monetary fund capital increases is subject to approval by the Federal Assembly.

New content according to chapter I of the Federal ACT of 22 June 2001, in force since Dec. 1. 2002 (RO 2002 3680; FF 2000 3711, 2001 1906).

Art. 3 benefits of subsidy funding contributions by Switzerland to the International Bank for reconstruction and development, the International Development Association and the International Finance Corporation is governed by the provisions of art. 9 of the Federal law of 19 March 1976 on development cooperation and humanitarian aid.
The National Bank provides financial benefits to the Switzerland as a member of the international monetary fund. It collects payments, interest and compensation.

SR 974.0 art. 4 application of membership and representation of the federal Council Switzerland is working with the National Bank to the application for membership of the international monetary fund of the Switzerland. The details provided will be fixed in an agreement concluded between the federal Council and the National Bank.
The federal Council appoints representatives of the Switzerland to the Bretton Woods institutions; in the case of the international monetary fund, the designation is in agreement with the National Bank.

Art. 5 credits allocated by the international monetary fund, special drawing rights national depositary bank receives appropriations for the international monetary fund by Switzerland. She is responsible for refunds and service interests.
She counts the operations carried out in special drawing rights.
She is the custodian of the assets of the international monetary fund in Swiss francs.

Art. 6 principles of development policy for any decision or stance in developing countries, established as part of the Bretton Woods institutions, the Switzerland is inspired by principles and the objectives of its development policy.

Art. 7 referendum and entry into force the present law is subject to optional referendum.
It comes into force as treaties between the Switzerland and the Bretton Woods institutions.

RS 0.979.1/.4 the Date of entry into force: 29 May 1992 RO 1992 2567 this jurisdiction corresponds to art. 54, al. 1, of the Constitution of 18 April 1999 (RS 101).
[1 3 RS; RO 1951 603]. This provision currently corresponds to art. 99 of the Constitution of 18 April 1999 (RS 101).
New content of the sentences according to chapter I of the Federal ACT of 22 June 2001, in force since Dec. 1. 2002 (RO 2002 3680; FF 2000 3711, 2001 1906).
FF 1991 II 1121 ACF of 18 May 1992 (RO 1992 2569) State on February 1, 2002

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