International Development Association (Amendment) Bill

The International Development Association (Amendment) Bill 2022 proposes amendments to the International Development Association Act 2002. The Act will officially be known as the International Development Association (Amendment) Act 2022, effective from a date determined by the Minister. The bill removes references to "other contributions" in the existing act, eliminating non-subscription payments that do not affect Singapore's voting rights. It introduces a requirement for any additional subscriptions made on behalf of the Government to be authorized by a Parliament resolution specifying the maximum amount. The bill will incur extra financial expenditure by the Government, with the exact amount currently unknown.