Bretton Woods and Related Agreements Act

Marginal note:Loans

• 8.1 (1) The Minister of Finance may lend to the International Monetary Fund, at such rate of interest and on such other terms and conditions as the Governor in Council may approve, such sum or sums of money as may be required for funding any trust or body established by the Fund to assist in fulfilling the purposes of the Fund, not exceeding in the whole five hundred and fifty million dollars, or such greater amount as may be fixed by the Governor in Council.

• Marginal note:Grants

  (2) The Minister of Finance may grant to the International Monetary Fund, on such terms and conditions as the Governor in Council may approve, such sum or sums of money as may be required for funding any trust or body established by the Fund to assist in fulfilling the purposes of the Fund, not exceeding in the whole two hundred and fifty million dollars, or such greater amount as may be fixed by the Governor in Council.

• Marginal note:Payment out of C.R.F.

  (3) The Minister of Finance may make payments out of the Consolidated Revenue Fund for the purposes mentioned in subsections (1) and (2).