The International Fund for Agricultural Development (IFAD; french: link=no, Fonds international de développement agricole (FIDA)) is an

international financial institution An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, al ...

and a

specialised agency United Nations Specialized Agencies are autonomous organizations working with the United Nations and each other through the co-ordinating machinery of the United Nations Economic and Social Council at the intergovernmental level, and through th ...

of the

United Nations The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be ...

that works to address

poverty Poverty is the state of having few material possessions or little income. Poverty can have diverse social, economic, and political causes and effects. When evaluating poverty in ...

and hunger in rural areas of

developing countries A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreem ...

. It is the only multilateral development organization that focuses solely on rural economies and

food security Food security speaks to the availability of food in a country (or geography) and the ability of individuals within that country (geography) to access, afford, and source adequate foodstuffs. According to the United Nations' Committee on World F ...

. Headquartered in

Rome , established_title = Founded , established_date = 753 BC , founder = King Romulus (legendary) , image_map = Map of comune of Rome (metropolitan city of Capital Rome, region Lazio, Italy).svg , map_caption ...

, IFAD is involved in over 200 projects across nearly 100 countries. 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. IFAD has 177 member states and works in partnership with the

Organization of the Petroleum Exporting Countries The Organization of the Petroleum Exporting Countries (OPEC, ) is a cartel of countries. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has, since 1965, been headquart ...

(OPEC) and members of the

Organisation for Economic Co-operation and Development The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organization, intergovernmental organisation with 38 member countries ...

(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

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 The first World Food Conference was held in Rome in 1974 (5-16 November) by the United Nations under the auspices of the UN Food and Agriculture Organization (FAO), in the wake of the devastating famine in Bangladesh in the preceding two years. ...

. Its headquarters is in

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...

, and it is a member of the

United Nations Development Group The United Nations Sustainable Development Group (UNSDG), previously the United Nations Development Group (UNDG), is a consortium of 36 United Nations funds, programs, specialized agencies, departments and offices that play a role in development ...

. The current President of the IFAD is Alvaro Lario from

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

, who took over from Gilbert Houngbo in late 2022.

References

External links

IFAD website
{{DEFAULTSORT:International Fund For Agricultural Development International development multilaterals Agricultural organisations based in Italy United Nations Development Group United Nations specialized agencies Organizations established in 1977 Organisations based in Rome Italy and the United Nations

History

See also

References

External links