Section 3
Authorization To Conclude Agreements And Deposit Instruments Of Acceptance
3. Authorization to conclude Agreements and deposit instruments of acceptance : The Minister for Finance is, hereby, authorized by instruments under his or her hand to empower such person as may be named in such instruments, on behalf of the Government of Nepal:
(a) To sign the Articles of Agreement of the International Monetary Fund and the Articles of Agreement of the International Bank for Reconstruction and Development, respectively.
(b) To deposit with the Government of the United States of America instruments of acceptance of the Fund Agreement and Bank Agreement setting out that the Government of Nepal has accepted in accordance with the Nepal laws the respective Articles and the terms and conditions prescribed thereunder as the terms upon which Nepal shall be admitted to membership of the Fund and of the Bank.
(c) To accept the First Amendment to the Fund Agreement 6 , and deposit an instrument of acceptance to enable Nepal to participate in the Special Drawing Rights as provided by that Amendment.
(d) To accept the Second Amendment to the Fund Agreement, and deposit an instrument of acceptance, accepting the liabilities set forth in that Amendment and to accept increases in quota and share of Nepal with the Bank.
(a) To sign the Articles of Agreement of the International Monetary Fund and the Articles of Agreement of the International Bank for Reconstruction and Development, respectively.
(b) To deposit with the Government of the United States of America instruments of acceptance of the Fund Agreement and Bank Agreement setting out that the Government of Nepal has accepted in accordance with the Nepal laws the respective Articles and the terms and conditions prescribed thereunder as the terms upon which Nepal shall be admitted to membership of the Fund and of the Bank.
(c) To accept the First Amendment to the Fund Agreement 6 , and deposit an instrument of acceptance to enable Nepal to participate in the Special Drawing Rights as provided by that Amendment.
(d) To accept the Second Amendment to the Fund Agreement, and deposit an instrument of acceptance, accepting the liabilities set forth in that Amendment and to accept increases in quota and share of Nepal with the Bank.