Membership
Membership in IFAD is open to any State that is a member of the United Nations or its specialized agencies or the International Atomic Energy Agency. The Governing Council is IFAD’s highest decision-making authority, with the Member States each represented by a governor and alternate governor. The Council meets annually. The Executive Board, responsible for overseeing the general operations of IFAD and approving loans and grants, is composed of 18 members and 18 alternate members. The President, who serves for a four-year term (renewable once), is IFAD’s chief executive officer and chair of the Executive Board. The current, and fifth, President of IFAD is Kanayo F. Nwanze, who was elected for a first four-year term in 2009.
Members of IFAD are 163 of the UN members, along with Cook Islands and Niue, and they are classified as follows: List A (primarily OECD members); List B (primarily OPEC members); and List C (developing countries). List C is further divided into sub-list C1 (countries in Africa); sub-list C2 (countries in Europe, Asia and the Pacific); and sub-list C3 (countries in Latin America and the Caribbean).
The signatories or states later approved for membership, that have not yet finished their ratification procedures are: Bahamas (approved in 2008), Marshall Islands (approved 2009) and Yemen (1977 signatory).
The other non-member states are: Andorra, Australia, Bahrain, Belarus, Brunei, Bulgaria, Czech Republic, Estonia, Latvia, Liechtenstein, Lithuania, Micronesia, Monaco, Montenegro, Nauru, Palau, Poland, Russia, San Marino, Serbia, Singapore, Slovakia, Slovenia, Turkmenistan, Tuvalu, Ukraine, Vanuatu, Vatican City and the states with limited recognition.
The observers are: European Union
The Governing Council is IFAD's highest decision-making authority. Each Member State is represented in the Governing Council by a Governors, Alternate Governors and any other designated advisers. The Executive Board is responsible for overseeing the general operations of IFAD and for approving its programme of work. Membership on the Executive Board is determined by the Governing Council and is presently distributed as follows: List A: eight Members and eight Alternate Members; List B: four Members and four Alternate Members; and List C: six Members and six Alternate Members; two each in the three regional subdivisions of List C Member States.
Read more about this topic: International Fund For Agricultural Development
Famous quotes containing the word membership:
“The two real political parties in America are the Winners and the Losers. The people don’t acknowledge this. They claim membership in two imaginary parties, the Republicans and the Democrats, instead.”
—Kurt Vonnegut, Jr. (b. 1922)