← belizelaw.ai · International Financial Organisations, Cap. 265
Financial provisions
Cap. 265, s. 4 · Revised Edition 2020
(1) There shall be paid out of the Consolidated Revenue Fund, on the warrant of the Minister, all sums required for the purposes of making,
International Financial 6 Organisations
(a) all payments required to be made from time to time to the Fund under the terms and conditions of the Membership Resolution and the Fund Agreement;
(b) all payments required to be made from time to time to the Bank under the provisions of the Membership Resolution and the Bank
(c) all payments required to be made from time to time to the Corporation under the provisions of the Membership Resolution and the Corporation Agreement;
(d) all payments required to be made from time to time to the Association under the Membership Resolution and the Association
(2) The Central Bank of Belize may, if it thinks fit, create and issue to the Fund, the Bank or the Association any non- negotiable, non-interest bearing notes or other obligations, as provided for by section 4 of Article III of the Fund Agreement,
by section 12 of Article V of the Bank Agreement and by paragraph (e) of section 2 of Article II of the Association Agreement (which sections relate to the acceptance by the Fund, the Bank, or the Association, as the case may be, of notes or similar obligations in place of currency), and the sums payable under such notes or obligations so created and issued shall be a charge on the Consolidated Revenue Fund.
(3) Any sums received by the Government of Belize from the Fund, any sums received by the Government of Belize from the Bank or the Corporation on account of its subscription to the capital stock thereof and any sums received by the Government of Belize from the Association on account International Financial Organisations 7 of its subscriptions therein or of supplementary resources provided by it shall be paid into the Consolidated Revenue Fund.
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