This Order declares the Agreement of 2nd May 1978 between the European Economic Community, its Member States and the International Development Association to be a Community Treaty as defined in section 1(2) of the European Communities Act 1972. The principal effect of declaring this Agreement to be a Community Treaty as so defined is to bring into play, in relation to that Agreement, the provisions of section 2 of the European Communities Act 1972 and so to provide authority for payment by the United Kingdom of the contributions required under the Agreement.