Assented to 1987-06-30
An Act relating to the forgiveness of debts incurred or assumed in respect of certain official development assistance loans made by the Government of Canada to the Governments of Togo and of the Islamic Republic of Mauritania and also to the former East African Community
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
Marginal note:Short title
1 This Act may be cited as the Forgiveness of Certain Official Development Assistance Debts Act.
Marginal note:Debts owing by Togo
2 The official development assistance debts owing by the Government of Togo to the Government of Canada under the loan agreements entered into between those governments and referred to in Part I of the schedule are hereby forgiven.
Marginal note:Debt owing by Mauritania
3 The official development assistance debt owing by the Government of the Islamic Republic of Mauritania to the Government of Canada under the loan agreement entered into between those governments and referred to in Part II of the schedule is hereby forgiven.
Marginal note:Debts owing in relation to loans made to the East African Community
4 The debts assumed by the governments of the United Republic of Tanzania, of the Republic of Uganda and of Kenya in accordance with agreements entered into between those governments and the Government of Canada and referred to in Part IV of the schedule, being agreements for the apportionment of liabilities that arose, before the dissolution of the former East African Community, under the loan agreements referred to in Part III of the schedule, are hereby forgiven.
Marginal note:Deletion from the accounts of Canada
5 The amount outstanding as recorded in the accounts of Canada in respect of the debts forgiven by sections 2 to 4 is hereby written off as a budgetary expenditure and deleted from those accounts.
Marginal note:Coming into force
Return to footnote *[Note: Act in force June 30, 1988, see SI/88-121.]
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