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The International Financial Organisations Order, 1972 (President's Order)

( ACT NO. 86 Of 1972 )

3. (1) The Government shall designate, by a notification in the official Gazette, the officer who shall be authorised on behalf of the Government to sign any or all of the originals of the following Articles of Agreement, that is to say, the Fund Agreement, the Bank Agreement and the Association Agreement and to deposit in the cases of the Fund Agreement and the Bank Agreement, with the Government of the United States, and in the case of the Association Agreement, with the Bank, instruments of acceptance of the said Agreements and of the terms and conditions respectively prescribed under the said Agreements and the Membership Resolutions or by instruments under his hand, to empower such person as may be designated in such instruments to sign the said Agreements and to deposit the said instruments of acceptance as aforesaid.
 
 
 
 
(2) Upon the accession of the People's Republic of Bangladesh to membership in the Fund, the People's Republic of Bangladesh is hereby authorised to become a participant in the 1[Special Drawing Rights Department] and the officer authorised to sign the Fund Agreement under clause 1 shall have authority to deposit with the Fund on behalf of the People's Republic of Bangladesh an instrument stating that the People's Republic of Bangladesh undertakes all the obligations of a participant in the 2[Special Drawing Rights Department] in accordance with the Law of the People's Republic of Bangladesh and representing that the People's Republic of Bangladesh has taken all steps necessary to enable it to carry out all obligations of a participant in the 3[Special Drawing Rights Department].

  • 1
    The words “Special Drawing Rights Department” were substituted for the words “Special Drawing Account” by section 3 of the International Financial Organisations (Amendment) Ordinance, 1976 (Ordinance No. XCIV of 1976)
  • 2
    The words “Special Drawing Rights Department” were substituted for the words “Special Drawing Account in the Fund” by section 3 of the International Financial Organisations (Amendment) Ordinance, 1976 (Ordinance No. XCIV of 1976)
  • 3
    The words “Special Drawing Rights Department” were substituted for the words “Special Drawing Account in the Fund” by section 3 of the International Financial Organisations (Amendment) Ordinance, 1976 (Ordinance No. XCIV of 1976)
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