DIRCO Annual Report

9. ENTITIES REPORTING TO THE MINISTER

The table below indicates the entities that report to the Minister/MEC. NAME OF ENTITY LEGISLATIVE MANDATE

FINANCIAL RELATIONSHIP

NATURE OF OPERATIONS

African Renaissance and International Cooperation Fund (ARF)

African Renaissance and International Cooperation Fund Act, 2000: To enhance cooperation between the Republic and other countries, in particular African countries, through the promotion of democracy, good governance, the prevention and resolution of conflict, socio-economic development and integration, humanitarian assistance and human resource development

The ARF receives its funds from the department through the following: • money appropriated by Parliament for the fund • unexpended money in the previous fund • money received by the way of repayment of any loan made from the fund • interest received on investment of money standing to the credit of the fund • money accruing to the fund from any other source. Payments and/or disbursements are made on behalf of the fund by the department once concurrence is received from Minister of Finance

Loans and/or other financial assistance are granted subject to terms and conditions as may be agreed upon by that country and the Minister, acting in each case in consultation with the Minister of Finance

Department of International Relations and Cooperation

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