The International Monetary Fund and Bank Act, 1945

Act No. 47 of 1945

[24th December, 1945.]

An 2[Act] to implement the International Monetary Fund and Bank Agreements.

WHEREAS, at the United Nations Monetary and Financial Conference held at Bretton Woods, New Hampshire, in July, 1944, Articles of the following agreements were drawn up, and set out in the Final Act of the said Conference that is to say,-

(a) an agreement (hereinafter referred to as the Fund Agreement) for the establishment and operation of an international body to be called theInternational Monetary Fund (hereinafter referred to as the International Fund), and

(b) an agreement (hereinafter referred to as the Bank Agreement) for the establishment and operation of an international body to be called the International Bank for Reconstruction and Development (hereinafter referred to as the International Bank);

3[BE it enacted as follows:-]