The International Fund for Agricultural Development (Eighth Replenishment) Order 2012

• Citation: S.I. 2012/2790
• Sections: 3

Section 1 Citation and commencement

This Order may be cited as the International Fund for Agricultural Development (Eighth Replenishment) Order 2012 and comes into force on the day after the day on which it is made.

Section 2 Interpretation

In this Order—

“ the Fund ” means the International Fund for Agricultural Development established by an agreement dated 13th June 1976 as ratified by the Government on 9th September 1977 ;

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

“ the Resolution ” means Resolution No 154/ XXXII on the Eighth Replenishment of the Fund’s Resources adopted by the Board of Governors of the Fund on 19th February 2009.

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 33,852,000 pounds sterling 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 the Secretary of State and accepted by the Fund pursuant to the arrangements mentioned in paragraph (a),

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