S.L. 209.4 Art. 2Declaration.              Cap. 209.

It is hereby being declared:

(a) that the Central Bank of Malta and the

International Monetary Fund shall be entering into a bilateral agreement with a view to lend to the Fund, under the Resilience and Sustainability Facility of the Trust, a Special Drawing

Rights denominated amount subject to the relevant provisions of the 2023 Contribution Agreement, in accordance with section 2(b) of Article V of the Fund Agreement in the

Schedule to the Malta Membership of the International

Monetary Fund Act;

(b) that the 2023 Contribution Agreement shall consist of three (3) parts, the Borrowing Agreement, the Deposit Agreement and the Reserve Contribution Agreement. The contribution amount shall be determined by the 2023 Contribution Agreement which fulfils the purpose of the Resilience and Sustainability Facility of the Trust;

(c) that paragraph 2(a) of Section I of the 2023 Contribution Agreement allows for the Fund to make drawings at any time from the effective date until 30th November 2030 to finance loan disbursements of the Resilience and Sustainability Facility of the Trust;

(d) that paragraph 3 of the Deposit Agreement provides 30th November 2050 as the maturity date for the deposit contribution;

(e) that the Central Bank of Malta shall provide the reserve contribution following receipt of the necessary funds from the Government;

(f) that it is expedient that those arrangements under the 2023 Contribution Agreement shall become effective upon the coming into force of the 2023 Contribution Agreement and in accordance with the relevant provisions of the said Agreement; and MONETARY FUND (2023 CONTRIBUTION AGREEMENT)

(g) that the 2023 Contribution Agreement shall come into force immediately upon the signing thereof.