International Development (Financial Institutions) Assistance Act

R.S.C., 1985, c. I-18

An Act to authorize continuing financial assistance to be provided to certain international financial institutions

Marginal note:Short title

 This Act may be cited as the International Development (Financial Institutions) Assistance Act.

  • 1980-81-82-83, c. 142, s. 1.
Marginal note:Definition of “institution”

 In this Act, “institution” means any international financial institution named in the schedule.

  • 1980-81-82-83, c. 142, s. 2.
Marginal note:Assistance

Footnote * The Minister of Foreign Affairs, in consultation with the Minister of Finance, may, for the purpose of promoting the social and economic development of developing countries, provide financial assistance to an institution by way of

  • (a) direct payments to the institution;

  • (b) the issuance to the institution of non-interest bearing, non-negotiable demand notes in a form determined by the Minister of Finance; and

  • (c) the purchase on behalf of Her Majesty in right of Canada of shares of the institution.

  • R.S., 1985, c. I-18, s. 3;
  • 1995, c. 5, s. 25;
  • 1998, c. 21, s. 125.
Marginal note:Amendment of schedule

 The Governor in Council may, by order, amend the schedule

  • (a) by adding thereto the name of any international financial institution that is recognized by the Governor in Council as being a financial institution through which the purpose referred to in section 3 can be carried out;

  • (b) by deleting therefrom the name of any international financial institution the name of which has been changed and substituting therefor its new name; or

  • (c) by deleting therefrom the name of any international financial institution that has ceased to exist or is no longer recognized by the Governor in Council as being a financial institution through which the purpose referred to in section 3 can be carried out.

  • 1980-81-82-83, c. 142, s. 4.
Marginal note:Tabling order
  •  (1) An order of the Governor in Council under section 4 shall be laid before Parliament not later than the fifteenth sitting day of Parliament after it is made.

  • Marginal note:Coming into force of order

    (2) An order referred to in subsection (1) shall come into force on the twentieth sitting day of Parliament after it has been laid before Parliament pursuant to that subsection unless, before that time,

    • (a) a motion for the consideration of the House of Commons to the effect that the order be confirmed, signed by a minister of the Crown, is filed with the Speaker of the House of Commons; or

    • (b) if no motion has been filed under paragraph (a), a motion for the consideration of the House of Commons to the effect that the order be revoked, signed by not less than thirty members of the House of Commons, is filed with the Speaker of the House of Commons.

  • Marginal note:Consideration of motion by the House of Commons

    (3) Where a motion for the consideration of the House of Commons is filed as provided in subsection (2), the House of Commons shall, not later than the sixth sitting day of Parliament following the filing of the motion, take up and consider the motion.

  • Marginal note:Time for disposition of motion

    (4) A motion taken up and considered in accordance with subsection (3) shall be debated without interruption for not more than three hours and, on the conclusion of such debate or at the expiration of the third such hour, the Speaker of the House of Commons shall forthwith, without further debate or amendment, put every question necessary for the disposition of the motion.

  • 1980-81-82-83, c. 142, s. 5.