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For the purposes of this Agreement the terms set out below shall have the following meaning, unless the context otherwise requires:
(a) “Fund” shall mean the International Fund for Agricultural Development;
(b) “food production” shall mean the production of food including the development of fisheries and livestock;
(c) “State” shall mean any State, or any grouping of States eligible for membership of the Fund in accordance with Section 1 (b) of Article 3;
(d) “freely convertible currency” shall mean: (i) currency of a Member which the Fund determines, after consultation with the International Monetary Fund, is adequately convertible into the currencies of other Members for the purposes of the Fund’s operations; or
(ii) currency of a Member which such Member agrees, on terms satisfactory to the Fund, to exchange for the currencies of other Members for the purposes of the Fund’s operations. “Currency of a Member” shall, in respect of a Member that is a grouping of States, mean the currency of any member of such grouping;
(i) currency of a Member which the Fund determines, after consultation with the International Monetary Fund, is adequately convertible into the currencies of other Members for the purposes of the Fund’s operations; or
(ii) currency of a Member which such Member agrees, on terms satisfactory to the Fund, to exchange for the currencies of other Members for the purposes of the Fund’s operations.
(e) “Governor” shall mean a person whom a Member has designated as its principal representative at a session of the Governing Council;
(f) “votes cast” shall mean affirmative and negative votes.