Bretton Woods Agreements (Amendment) Act 1992

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Official translation, read from a scanFrom Department of Government Printing's scanned PDF, read by OCR; may contain errors

s 1Short title and date of operation

This Act may be cited as the Bretton Woods Agree-ments (Amendment) Act, No. 16 of 1992 and shall come into operation on such date as the Minister, by Order published in the Gazette, certifies as the date on which the

Third Amendment to the Articles of Agreement of the

International Monetary Fund enters into force in respect of

Sri Lanka.

s 2Amendment of section 10 of Chapter 424,

Section 10 of the Bretton Woods Agreements Act is hereby amended by the repeal of the definition of “Fund

Agreement” and the substitution therefor of the following definition

:—

‘«Pund Agreement” means the Articles of Agreement of the International Monetary Fund as originally adopted and as subsequently amended—

(a)

in order to institute a facility based on Special

Drawing Rights

(the text of which amendment was laid before the House of Representatives on

November 23, 1968); and 2—D 020780-—6.980 (91/11)

(b)

in order to establish a new International Monetary

System (which amendment was incorporated in the text of the Articles of Agreement of the Fund laid before the National State Assembly on April 4, 1978) ; and

(c)

in order to provide for the suspension of voting and related rights of a member country which does not fulfil its obligations under such Articles (the text of which amendment was laid before Parlia-ment on October 11, 1991).”.

s 3Sinhala text to prevail in prevail, case of inconsistency

In the event of any inconsistency between the

Sinhala and Tamil texts of this Act, the Sinhala text shall