MALTA MEMBERSHIP OF THE INTERNATIONAL MONETARY FUND (LOAN AGREEMENT) ORDER (loanagreement)

MALTA MEMBERSHIP OF THE INTERNATIONAL

MONETARY FUND (LOAN AGREEMENT)

SUBSIDIARY LEGISLATION 209.01

MALTA MEMBERSHIP OF THE INTERNATIONAL

MONETARY FUND (LOAN AGREEMENT) ORDER

25th August, 2017

Legal Notice 211 of 2017.

The title of this order is the Malta Membership of the

International Monetary Fund (Loan Agreement) Order.

It is hereby declared

(a)

that the Central Bank of Malta and the International

Monetary Fund shall be entering into an agreement

with a view to lend to the Fund a Special Drawings

Rights-denominated amount subject to the relevant

provisions of the Agreement, and in accordance

with Article VII, Section 2(i) of Schedule (Section

2) of the Malta Membership of the International

Monetary Fund Act (hereinafter referred to as "the

Loan Agreement");

(b)

the Special Drawings Rights-denominated amount

being loaned by the Central Bank of Malta under

the Loan Agreement will be up to the equivalent of

two

hundred

and

sixty

million

euro

(€260,000,000);

(c)

that it is expedient that those arrangements under

the Loan Agreement should take effect upon the

entry into force of the Loan Agreement and in

accordance with the relevant provisions of the Loan

Agreement;

(d)

that the Loan Agreement shall enter into force

immediately upon the signing thereof.