LU
مال
VUM LVM12VI
IMA
ULA
ASIAN DEVELOPMENT BANK AND ASIAN DEVELOPMENT FUND
Under Article 3.3 of Agreement Establishing the Asian Development Bank, HMG is responsible for all obligations incurred by Hong Kong by reason of her admission to membership in the Bank.
In accordance with this Article, HMG guarantees payment of the following obligations in the event of default by Hong Kong:
a.
***
Present Payments to the Asian Development Fund. obligation less than US$2 million. Will shortly be increased by US$3 million.
date to Asian
Callable capital subscribed to Development Bank. Present level 18 $120.613 million, Likely to be doubled in general capital increase expected in 1994. This is a contingent (off-balance ahoor! liahilev. HMG would become liable only if capital were called (in whole or in part) and it Hong Kong could not
it - both highly unlikely
scenarios.
meet
SDR 84.78 million or
US $121.27 million
$/SDR exchange
approximately
باشه
current
J 1.43043
inte of
(MOV)
value Lobligation,
C.
Maintenance
J
notionally computed
to be
about
HK $59.5 million
af
at 31 December 1991.
rate
of
the Hong Kong
valuation of
The obligation results from changes in
the exchange
didhar Simate
1978 when the provisional
arrangements relating
und Bank's
inte
t
Canne
Bank's capital and MOV aneration pending selection of
appropriate successor
for valuing
the
Է
•
the
Bank's capital stack.
been
سمعنا معنا
Under the provisional arrangements, settlement of Mov obligations
held im
abeyance.
се