(1) The purpose of this Act, as it was enacted in 1961, is to enable the Government of New Zealand to be a member of the International Monetary Fund, the International Bank for Reconstruction and Development, and the International Finance Corporation.
(2) A further purpose, implemented by the International Finance Agreements Amendment Act 1966, is to enable the Government of New Zealand to be a member of the Asian Bank and the International Development Association.
(3) A further purpose, implemented by the International Finance Agreements Amendment Act 1975, is to enable the Government of New Zealand to fulfil its obligations, as a member of the Organisation for Economic Co-operation and Development, to the Financial Support Fund of the Organisation for Economic Co-operation and Development.
(4) A further purpose, implemented by the International Finance Agreements Amendment Act 2007, is to enable the Government of New Zealand to be a member of the Multilateral Investment Guarantee Agency.
Section 1A: inserted, on 20 September 2007, by section 5 of the International Finance Agreements Amendment Act 2007 (2007 No 87).