The African Development Bank Act, 1983
The African Development Bank Act, 1983 is an act to implement the agreement establishing the African Development Bank and to provide for matters connected therewith or incidental thereto.
African Development BankInternational AgreementsCapital And Administration Of The BankRights And Liabilities Of The Indian GovernmentFunctions And Powers Of The BankManagement Of The Bank
Summary
The African Development Bank Act, 1983 was enacted to implement the agreement establishing the African Development Bank. This act provides for the incorporation, capital, and administration of the African Development Bank in India, and for the rights and liabilities of the Indian government as a member of the Bank. The act outlines the functions and powers of the Bank, including the power to provide loans and technical assistance to African countries for development projects. The act also sets out the provisions for the management of the Bank, including the appointment of the Board of Governors and the Board of Directors.
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