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29/11/2021
Laws of Bangladesh

The Asian Development Bank Order, 1973 (President's Order)

( PRESIDENT'S ORDER NO. 3 OF 1973 )

3. (1) There shall be paid out of the Consolidated Fund all such sums as may, from time to time, be required for the purpose of paying-
 
 
 
 
(a) the subscriptions payable by the People's Republic of Bangladesh to the Bank under paragraphs 1, 2 and 3 of Article 5 of the Agreement;
 
 
(b) any commissions, fees or other charges payable by the People's Republic of Bangladesh to the Bank under Article 16 of the Agreement; and
 
 
 
 
(c) any sum payable by the People's Republic of Bangladesh under paragraph 1 of Article 25 of the Agreement.
 
 
 
 
(2) The Government may, if it thinks fit so to do, create and issue to the Bank, in such form as it thinks fit, any such non-interest bearing and non-negotiable notes or other obligations as are provided for by paragraph 3 of Article 6 of the Agreement.
 
 
 
 
(3) Any sums received by or on behalf of the People's Republic of Bangladesh from the Bank shall be paid into the Consolidated Fund.

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