Revised Laws of Saint Lucia (2023)

3.   Authorisation for signing of and accepting the agreements

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    (1)   The Minister is hereby authorised on behalf of Saint Lucia to accept membership and to sign any or all of the following agreements, that is to say, the Fund Agreement, the Bank Agreement, the Corporation Agreement and the Association Agreement and to deposit, in the cases of the Fund Agreement and the Bank Agreement, with the Government of the United States, and, in the cases of the Corporation Agreement, and the Association Agreement, with the Bank, instruments of acceptance of the said Agreements and to accept the terms and conditions of the Resolutions respectively prescribed thereunder relating to the admission of Saint Lucia to membership, or by instruments under his or her hand, to empower such person as may be named in such instruments to sign the said Agreements and to deposit the said instruments of acceptance as aforesaid.

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    (2)   The Minister is hereby authorised to execute and deposit with the Fund on behalf of Saint Lucia an instrument stating that Saint Lucia undertakes all the obligations of a participant in the special drawing rights departments of the Fund in accordance with the law of Saint Lucia and representing that Saint Lucia has taken all steps necessary to enable it to carry out all of these obligations, or by instruments under his or her hand to empower such person as may be named in such instruments to deposit the instrument of participation with the Fund.