AGREEMENT

BETWEEN

THE GOVERNMENT OF THE

REPUBLIC OF SOUTH AFRICA

AND

THE INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT

ON

THE ESTABLISHMENT OF A COUNTRY OFFICE

WHEREAS the International Fund for Agricultural Development ("IFAD" or the "Fund"), a Specialised Agency of the United Nations, wishes to establish a Country Office to serve as a Southern Africa Hub in the Republic of South Africa to support its operations and strengthen its partnerships;

WHEREAS the Government of the Republic of South Africa (the "Government") agrees to permit the establishment of such an Office;

WHEREAS the Republic of South Africa has acceded on 14th February, 1997 to the Agreement Establishing the International Fund for Agricultural Development (the "Agreement");

WHEREAS the Republic of South Africa has acceded on 30th August 2002 to the Convention on the Privileges and Immunities of the Specialized Agencies of 21 November 1947 (the "Convention") and to Annex XVI relating to the Fund, which terms shall apply to this Agreement subject to the reservations made by South Africa regarding Articles III and IX of the Convention;

NOW, THEREFORE, the Government and the Fund hereby agree as follows:—