The highest authority of the International Fund for Agricultural Development is the management meeting, which is held 1 time every year. The Executive Committee consists of 65,438+08 full members and 65,438+08 alternate members. It is responsible for managing the general activities of the Foundation between sessions of the General Assembly, and holds meetings of the Executive Board when business needs arise. The secretariat is responsible for daily business work and is led by the president. The president is the legal representative of the foundation and is elected by the management meeting with a 2/3 majority of the total votes. Member States are divided into three categories: ① 20 developed countries. ② Develop 12 oil exporting countries. ③ There are *** 1 10 developing countries. Basic loans are divided into ordinary, medium and preferential loans, with different interest rates, repayment periods and grace periods. Use different loans according to the national economic development.