The African Development Fund Act, 1982
The African Development Fund Act, 1982 is an act to give effect to the African Development Fund Agreement and for matters connected therewith.
Summary
The African Development Fund Act, 1982 is an Act of the Parliament of India that gives effect to the African Development Fund Agreement signed by the Government of India. The Act establishes the African Development Fund as a body corporate and provides for its functions, powers, and duties. The Fund's primary objective is to promote economic and social development in African countries by providing financial assistance and technical support for development projects. The Act also establishes the African Development Bank Group and outlines its structure and functions. Additionally, the Act provides for the contribution of funds by India to the African Development Fund, as well as for the appointment of an Indian Governor to the Fund's Board of Governors.
Table of Contents
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title, Extent And Commencement | Open |
| 2 | Section 2: Definitions | Open |
| 3 | Section 3: Payments To Fund | Open |
| 4 | Section 4: Reserve Bank To Be Depository For Fund | Open |
| 5 | Section 5: Conferment Of Status And Certain Immunities, Exemptions And Privileges On Fund And Conferment Of Certain Immunities, Exemptions And Privileges On Its Officers And Employees | Open |
| 6 | Section 6: Power To Make Rules | Open |
| 7 | Section 7: Notifications Issued Under Section 5 And Rules Made Under Section 6 To Be Laid Before Parliament | Open |