International Fund for Agricultural Development

International Fund for Agricultural Development Emblem of the United Nations
AbbreviationIFAD
Formation15 December 1977; 47 years ago (1977-12-15)
TypeUnited Nations Specialised Agency
Legal statusActive
HeadquartersVia Paolo di Dono, 44, 00142
Rome, Italy
Coordinates41°49′47″N 12°29′39″E / 41.82972°N 12.49417°E / 41.82972; 12.49417
Region served
Worldwide
Official language
English, French, Spanish, Arabic[1]
President
Alvaro Lario
Vice-President
Gerardine Mukeshimana
Parent organization
United Nations
Websitewww.ifad.org

The International Fund for Agricultural Development (IFAD) 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.[2]

IFAD is involved in over 200 projects across nearly 100 countries.[3] 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.[4]

IFAD has 180 member states with the Organization of the Petroleum Exporting Countries (OPEC) and members of the Organisation for Economic Co-operation and Development (OECD).[5] As of 2021, since its foundation, IFAD has provided US$23.2 billion in loans and grants and coordinated an addition US$31 billion in international and domestic co-financing.[6]

  1. ^ IFAD's official languages Archived 6 December 2023 at the Wayback Machine at IFAD official site
  2. ^ "IFAD at a glance". IFAD. Retrieved 28 August 2020.
  3. ^ "IFAD at a Glance".
  4. ^ "Topics". IFAD. Retrieved 28 August 2020.
  5. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  6. ^ "International Fund for Agricultural Development | Department of Economic and Social Affairs". forest-finance.un.org. Retrieved 30 May 2023.

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