International Finance Agreements Act 1961

  • This version was reprinted on 24 May 2016 to make corrections to Schedules 1, 2, and 7 under section 25(1)(j)(ii) of the Legislation Act 2012.
1A Purpose

(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.

(5)

A further purpose, implemented by the International Finance Agreements Amendment Act 2015, is to enable the Government of New Zealand to be a member of the Asian Infrastructure Investment Bank.

Section 1A: inserted, on 20 September 2007, by section 5 of the International Finance Agreements Amendment Act 2007 (2007 No 87).

Section 1A(5): inserted, on 11 December 2015, by section 4 of the International Finance Agreements Amendment Act 2015 (2015 No 110).