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THE INTERNATIONAL FINANCE CORPORATION ORDINANCE, 1976

(ORDINANCE NO. XII OF 1976).
  Part No : Chapter No : Section No: [ 3rd March, 1976  
  
     An Ordinance to give effect to an international agreement for the establishment and operation of an International Finance Corporation and for purposes connected therewith.
 
    WHEREAS Articles of Agreement of the International Finance Corporation have, on the eleventh day of April, 1955 been approved by the Executive Directors of the International Bank for Reconstruction and Development, hereinafter referred to as the Bank (and have been subsequently amended by Resolutions of the Board of Governors of the Corporation dated the 1st September, 1961 and the 25th August, 1965), and deposited in the archives of the Bank for signature and acceptance on behalf of Governments;



AND WHEREAS it is expedient to provide for the participation of the People’s Republic of Bangladesh in the said Corporation in pursuance of the aforesaid agreement;



NOW, THEREFORE, in pursuance of the Proclamations of the 20th August, 1975, and 8th November, 1975, and in exercise of all powers enabling him in that behalf, the President is pleased to make and promulgate the following Ordinance:-
 
CONTENTS
 
SECTIONS
 
1.Short title and commencement
2.Definitions
3.Financial Provisions
4.Bangladesh Bank to be depository for the Corporations
5.Certain provision of Agreement to have force of law
6.Act XXVIII of 1956 no part of Bangladesh laws
SCHEDULE
 
 

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