Malawi Government Gazette dated 2018-06-29 number 17

Arab Bank for Economic Development in Africa (Karonga Town Water Supply
No. 17 Project) Loan (Authorization) 1

MALAWI GOVERNMENT

(Published 29th June, 2018)

Act

No. 17 of2018

I assent

PROF. ARTHUR PETER MUTHARJKA
PRESIDENT
16th June, 2018
ARRANGEMENT OF SECTIONS
SECTION
1. Short title
2. Authority to borrow US$10,000,000
3. Application of the Loan
4. Repayment charged on the Consolidated Fund
5. Exemption from taxes, charges. etc.
6. Finalization and signature of the Agreement
An Art to authorize the Government to borrow from the Arab
Bank for Economic Development in Africa a loan amounting to
ten million United States Dollars (US$10,000,000)

ENACTED by the Parliament of Malawi as follows-
1. This Act may be cited as the Arab Bank for Economic Shon title
Development in Africa (Karonga Town Water Supply Project) Loan
(Authorization) Act, 2018.
2.-(1) The Minister of Finance, Economic Planning and Authority to
borrow
Development, on behalf of the Government, is authorized to borrow US$10,000.
from the Arab Bank for Economic Development in Africa (BADEA) 000
a loan amounting to ten million United States Dollars
(US$I 0,000,000) for the purpose specified in section 3 at the times
and upon the terms and conditions which the Minister may, in his
discretion, agree with BADEA.