Document ID: chunk:federal_register_of_legislation:C2004A01728:section:6:p11
Version: federal_register_of_legislation:C2004A01728
Segment Type: section
Provision Reference: s 6 (pt 11/24)
Character Range: 27118–30117

by the Fund. Before the Executive Board approves the extension of such a line of credit, the national development agency concerned and its programme shall be appraised in accordance with the provisions of subsection (e). Implementation of the said programme shall be subject to supervision by the institutions selected in accordance with the provisions of subsection (g).
(j) The Executive Board shall adopt suitable regulations for procuring goods and services to be financed from the resources of the Fund. Such regulations shall, as a general rule, conform to the principles of international competitive bidding and shall give appropriate preference to experts, technicians and supplies from developing countries.

Section 3—Miscellaneous operations
In addition to the operations specified elsewhere in this Agreement, the Fund may undertake such ancillary activities and exercise such powers incidental to its operations as shall be necessary in furtherance of its objective.

ARTICLE 8
Relations with the United Nations and with other
 organizations, institutions and agencies

Section 1—Relations with the United Nations
The Fund shall enter into negotiations with the United Nations with a view to concluding an agreement to bring it into relationship with the United Nations as one of the specialized agencies referred to in Article 57 of the Charter of the United Nations. Any agreements concluded in accordance with Article 63 of the Charter shall require the approval of the Governing Council, by a two‑thirds majority of the total number of votes, upon the recommendation of the Executive Board.

Section 2—Relations with other organizations, institutions and agencies
The Fund shall co‑operate closely with the Food and Agriculture Organization of the United Nations and other organizations of the United Nations system. It shall also co‑operate closely with other intergovernmental organizations, international financial institutions, non‑government organizations and governmental agencies concerned with agricultural development. To this end, the Fund will seek the collaboration in its activities of the Food and Agriculture Organization of the United Nations and the other bodies referred to above, and may enter into agreements or establish working arrangements with such bodies, as may be decided by the Executive Board.

ARTICLE 9
Withdrawal, suspension of membership, termination of operations

Section 1—Withdrawal
(a) Except as provided in Section 4(a) of this Article, a Member may withdraw from the Fund by depositing an instrument of denunciation of this Agreement with the Depositary.
(b) Withdrawal of a Member shall take effect on the date specified in its instrument of denunciation, but in no event less than six months after deposit of such instrument.

Section 2—Suspension of membership
(a) If a Member fails to fulfil any of its obligations to the Fund, the Governing Council may, by a three‑fourths majority of the total number of votes, suspend its membership.