International Fund for Agricultural Development

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International Fund for Agricultural Development
Emblem of the United Nations.svg
International Fund for Agricultural Development Logo.svg
AbbreviationIFAD
Formation15 December 1977;43 years ago (1977-12-15)
Type United Nations specialised agency
Legal statusActive
Headquarters Rome, Italy
Head
President
Gilbert Houngbo
Parent organization
United Nations Economic and Social Council
Website ifad.org
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The International Fund for Agricultural Development (IFAD; French : Fonds international de développement agricole (FIDA) is an international financial institution and a specialised agency of the United Nations that works to address poverty and hunger in rural areas of developing countries. It is the only multilateral development organization that focuses solely on rural economies and food security. [1]

Contents

Headquartered in Rome, Italy, IFAD is involved in over 200 projects across nearly 100 countries. [2] It funds and sponsors initiatives that improve land and water management, develop rural infrastructure, train and educate farmers in more efficient technologies, build up resilience against climate change, enhancing market accessibility, and more. [3]

IFAD has 177 member states and works in partnership with the Organization of the Petroleum Exporting Countries (OPEC) and members of the Organisation for Economic Co-operation and Development (OECD). Since its foundation in 1977, IFAD has provided US$22.4 billion in loans and grants and coordinated an addition US$31 billion in international and domestic co-financing.

History

IFAD was established as an international financial institution in 1977 through United Nations General Assembly Resolution 32/107 (30 December 1977) as one of the major outcomes of the 1974 World Food Conference. Its headquarters is in Rome, Italy, and it is a member of the United Nations Development Group. [4] The President of the IFAD is Gilbert F. Houngbo from Togo, who was elected for a four-year term in 2017.

IFAD member states
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List A members
List B members
List C members, ratification in force
List C approved members, that still haven't ratified IFAD.png
IFAD member states
  List A members
  List B members
  List C members, ratification in force
  List C approved members, that still haven't ratified

See also

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References

  1. "IFAD at a glance". IFAD. Retrieved 28 August 2020.
  2. IFAD at a Glance
  3. "Topics". IFAD. Retrieved 28 August 2020.
  4. "UNDG Members". Archived from the original on 11 May 2011. Retrieved 15 May 2012.