Bretton Woods and Related Agreements Act

Marginal note:Financial assistance

• 8 (1) The Minister of Finance may provide financial assistance to the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation and the Multilateral Investment Guarantee Agency, directly or through any trust or body established by those institutions, by way of

  • (a) direct payments, grants and loans;

  • (b) the issuance of non-interest bearing, non-negotiable demand notes;

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

  • (d) the issuance of guarantees; and

  • (e) any other manner that the Minister considers appropriate.

• Marginal note:Payment out of C.R.F.

  (1.1) The Minister of Finance may make payments out of the Consolidated Revenue Fund for the purpose mentioned in subsection (1).

• Marginal note:Limit

  (2) The amount of financial assistance provided pursuant to subsection (1) in any period shall not exceed the amount specified for the purpose in respect of that period in an appropriation by Parliament.