CHAPTER 207
INTERNATIONAL FINANCE CORPORATION ACT

[PRINCIPAL LEGISLATION]

ARRANGEMENT OF SECTIONS

   Section

Title

   1.   Short title.

   2.   Interpretation.

   3.   Approval of the Agreement.

   4.   Financial and other provisions.

SCHEDULE

CHAPTER 207
THE INTERNATIONAL FINANCE CORPORATION ACT

An Act to make provision with respect to acceptance by the Government of an International Agreement for the establishment and operation of an International Finance Corporation and to provide for related matters.

[13th July, 1962]

Act No. 33 of 1962

   WHEREAS on the eleventh day of April, 1955, the executive directors of the International Bank for Reconstruction and Development approved Articles of Agreement (hereinafter in this Act referred to as the Agreement) providing for the establishment and operation of an international body to be called the International Finance Corporation (hereafter in this Act referred to as the Corporation):

   AND WHEREAS copies of the text of the Agreement have been laid before the National Assembly:

   AND WHEREAS it is expedient that Mainland Tanzania becomes a member of the Corporation and that provision be made for acceptance by the United Republic of the Agreement and for carrying out the obligations of the United Republic thereunder.

1.   Short title

   This Act may be cited as the International Finance Corporation Act.

2.   Interpretation

   In this Act, unless the context requires otherwise–

   "Minister" means the Minister responsible for finance.

3.   Approval of the Agreement

   Acceptance by the Government of the Agreement is hereby approved and such acceptance shall be signified by the Minister on behalf of the Government.

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