The International Fund for Agricultural Development (Seventh Replenishment) Order 2007

• Citation: S.I. 2007/3547
• Sections: 3

Section 1 Citation

This Order may be cited as the International Fund for Agricultural Development (Seventh Replenishment) Order 2007.

Section 2 Interpretation

In this Order -

“the Agreement” means the Agreement establishing the International Fund for Agricultural Development dated 13th June 1976, as ratified by the Government of the United Kingdom on 9th September 1977 ;

“the Fund” means the International Fund for Agricultural Development established by the Agreement;

“the Government” means the Government of the United Kingdom;

“the Resolution” means Resolution 141/ XXIX on the Seventh Replenishment of the Fund’s Resources, adopted on 16th February 2006.

Section 3 Relevant Payments

The Secretary of State may, on behalf of the Government –

(a) make payment of a further contribution to the Fund not exceeding £27,725,000 in accordance with arrangements made between the Government and the Fund in accordance with the Resolution; and

(b) make payment of sums required to redeem any non-interest-bearing and non-negotiable notes or other obligations which may be issued or created by him and accepted by the Fund pursuant to the arrangements mentioned in paragraph (a),

in accordance with section 11 of the International Development Act 2002.