International Monetary Fund (Amendment of Articles) Act

117
THE INTERNATIONAL MONETARY FUND
(AMENDMENT OF ARTICLES) ACT, 1977
No. 11 of 1977
Date of Assent : 4th October, 1977
Date of Commencement: 7th October, 1977
An Act of Parliament to provide for the acceptance by Kenya
of amendments to the Articles of Agreement of the
International Monetary Fund. WHEREAS the Board of Governors of the International
Monetary Fund have approved in Resolution No. 31-4 of
31st March, 1976, Amendments (hereinafter in this Act
referred to as the Amendments) to the Articles of Agreement
of the said Fund;
AND WHEREAS the text of the Articles as revised by the
Amendments have been laid before the National Assembly;
AND WHEREAS it is expedient that Kenya should accept
the Amendments and fulfil the obligations of the revised
Articles :
NOW THEREFORE, be it enacted by the Parliament of
Kenya, as follows :—
1. This Act may be cited as the International Monetary Short title. Fund (Amendment of Articles) Act, 1977. Acceptance
of the
Amendments. 2.

ollows :—
1. This Act may be cited as the International Monetary Short title. Fund (Amendment of Articles) Act, 1977. Acceptance
of the
Amendments. 2.

(1) The Minister is hereby authorized to communi-
cate, on behalf of the Government of Kenya, the acceptance
by the Republic of Kenya of the Amendments, and to execute
an instrument under his hand setting forth that the Republic
of Kenya undertakes all of the obligations required by the
Amendments and has taken all steps necessary to carry out
all of the said obligations. (2) The Minister is hereby also authorized to communi-
cate, on behalf of the Government of Kenya, the acceptance
by the Republic of Kenya, of other amendments whenever
he shall, from time to time, determine it expedient and in the
interest of Kenya so to do:
Provided that the text of every such other amendment with
any notes which the Minister may consider to be appropriate
shall be laid without delay before the National Assembly. Acceptance
of other
amendments.

any notes which the Minister may consider to be appropriate
shall be laid without delay before the National Assembly. Acceptance
of other
amendments.

118
International Monetary Fund
No. 11 (Amendment of Articles) 1977
Implementation
of the
Amendments. Cap. 464. Cap. 467. 3. (1) As from the date that the Amendments come into
force as provided by the hereinbefore recited Resolution, the
Bretton Woods Agreements Act and the International Mone-
tary Fund Act shall apply to the Articles of Agreement of
the International Monetary Fund as modified by the Amend-
ments. (2) As from each of the dates that any other amend-
ments accepted by the Minister in accordance with section
2 (2) of this Act come into force, the Bretton Woods Agree-
ments Act and the International Monetary Fund Act shall
apply to the Articles of Agreement of the International
Monetary Fund as modified by such other amendments. (3) The provisions of section 8 of Article IX of the Articles
of Agreement of the International Monetary Fund, as inserted
therein by the Amendments, set out in the Schedule to this
Act shall have the force of law in Kenya and shall be sub-
stituted for section 8 of the Schedule which relates to the
International Monetary Fund in the Bretton Woods Agree-
ments Act.

Kenya and shall be sub-
stituted for section 8 of the Schedule which relates to the
International Monetary Fund in the Bretton Woods Agree-
ments Act.

SCHEDULE
ARTICLE DC-STATUS, IMMUNITIES, AND PRIVILEGES
Section 8—Immunities and Privileges of Officers and Employees
All Governors, Executive Directors, Alternates, members of
committees, representatives appointed under Article XII, Section 3 (i),
advisors of any of the foregoing persons, officers and employees of
the Fund-
(i)shall be immune from legal process with respect to acts per-
formed by them in their official capacity except when the
Fund waves this immunity;
(ii)not being local nationals, shall be granted the same immunities
from immigration restrictions, alien registration requirements,
and national service obligations and the same facilities as
regards exchange restrictions as are accorded by members
to the representatives, officials, and employees of comparable
rank of other members; and
(iii)shall be granted the same treatment in respect of travelling
facilities as is accorded by members to representatives,
officials and employees of comparable rank of other
members.