Forgiveness of Debts (sub-Saharan Africa) Act
An Act relating to the forgiveness of debts incurred or assumed in respect of certain official development assistance loans made by the Government of Canada to the governments of certain countries in sub-Saharan Africa
Bills that amended this Act0
No published amendment links yet for this Act.
Sections4
- 1Short title
This Act may be cited as the Forgiveness of Debts (sub-Saharan Africa) Act.
- 2Forgiveness of debts
The official development assistance debts owing by the governments of certain countries in sub-Saharan Africa to the Government of Canada under the loan agreements entered into between those governments and referred to in the schedule are hereby forgiven.
- 3Deletion from the accounts of Canada
The amount outstanding as recorded in the accounts of Canada in respect of the debts forgiven by section 2 is hereby written off as a budgetary expenditure and deleted from those accounts.
- *4Coming into force
This Act shall come into force on a day to be fixed by order of the Governor in Council. [Note: Act in force March 25, 1990, see SI/90-49.]