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Amendment of section 3 of Principal Act.
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4.—(1) The Minister may make a payment of £7,000,000 in respect of the ESAF Trust and may, subject to subsection (5), make such further payments as the Government decides in respect of the ESAF Trust.
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(2) The Minister may make such payment or payments as the Government decides in respect of the HIPC Trust, the aggregate amount of which payment or payments shall not exceed £10,000,000.
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(3) The Minister may make a payment of £11,000,000 in respect of the HIPC Debt Initiative Trust Fund and may, subject to subsection (6), make such further payments as the Government decides in respect of the HIPC Debt Initiative Trust Fund.
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(4) Section 3(2) of the Principal Act is hereby amended by the deletion of paragraph (j) and the insertion after paragraph (i) of the following paragraphs:
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“(j) payments under subparagraph (iv) of paragraph (c) of section 4 of Article VI of the Bank Agreement,
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(k) payments in respect of the ESAF Trust and the HIPC Trust within the meaning of the Bretton Woods Agreements (Amendment) Act, 1999,
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(l) payments in respect of the HIPC Debt Initiative Trust Fund within the meaning of the Bretton Woods Agreements (Amendment) Act, 1999.”
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(5) The aggregate amount of sums that the Minister may pay in respect of the ESAF Trust for the purposes of subsection (1) shall not exceed £20,000,000.
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(6) The aggregate amount of sums that the Minister may pay in respect of the HIPC Debt Initiative Trust Fund for the purposes of subsection (3) shall not exceed £20,000,000.
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