IMF and World Bank Group Institutions Bill tabled for first reading www.goss.org Juba, 07/12/11 - The South Sudan National Legislative Assembly (SSNLA) today in Juba received a presentation of the International Monetary Fund and World Bank Group Institutions Bill, 2011 in its first reading stage by Hon. Paulino Wana Wila, the deputy minister for Justice. The Ministry of Finance and Economic Planning drafted the Bill with the assistance from the Ministry of Justice in the government of Republic of South Sudan. The Bill was drafted in accordance with the provisions of Articles 57 (d), 101 (p) and Schedule A (3) of the Transitional Constitutional of the Republic of South Sudan, 2011 which gives the government the authority to legislative on matters of national concern. Section 5 empowers the government to accept membership to the International Monetary Fund and World Bank Institutions on behalf of the Republic of South Sudan while section 6 provides “Special Drawing Rights and Obligation” on the Republic of South Sudan on admission to International Monetary Fund and World Bank Institutions.
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