The International Fund for Agricultural Development (Twelfth Replenishment) Order 2023

Made: 14th March 2023

Coming into force: 15th March 2023

Accordingly, the Secretary of State makes the following Order:

Citation and commencement

1

This Order may be cited as the International Fund for Agricultural Development (Twelfth Replenishment) Order 2023 and comes into force on the day after the day on which it is made.

Interpretation

2

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[^f00002];

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

• “the Resolution” means Resolution 219/XLIV on the Twelfth Replenishment of the Fund’s Resources adopted by the Governing Council of the Fund on 18th February 2021[^f00003].

Relevant Payments

3

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

• (a) make payment of a further contribution to the Fund not exceeding £36,960,000 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 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.

Signed

Andrew Mitchell — Minister of State — Foreign, Commonwealth and Development Office — 8th March 2023

We approve,

Nigel Huddleston — Steve Double — Two of the Lords Commissioners of His Majesty’s Treasury — 14th March 2023

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

This Order approves the making of a payment on behalf of the Government of the United Kingdom to the International Fund for Agricultural Development of a sum not exceeding £36,960,000. The payment approved by this Order will be made pursuant to arrangements made between the Government and the International Fund for Agricultural Development in accordance with Resolution 219/XLIV on the Twelfth Replenishment of the Fund’s Resources adopted by the Governing Council of the Fund on 18th February 2021. The Order also provides for the redemption of non-interest-bearing and non-negotiable notes by the Secretary of State pursuant to those arrangements.

An impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.

The provisions of Resolution 219/XLIV may be obtained by application to the Foreign, Commonwealth and Development Office, King Charles Street, London SW1A 2AH and are available online at https://webapps.ifad.org/members/gc/44/docs/GC-44-Resolutions.pdf.

Footnotes

[^f00001]: 2002 c. 1. Section 11(3) and (4) was amended by S.I. 2017/1283.

[^f00002]: Cmnd 7195; this Command Paper is available from the Stationery Office Limited.

[^f00003]: This Resolution is available online at https://webapps.ifad.org/members/gc/44/docs/GC-44-Resolutions.pdf.