About the Agency
The International Fund for Agricultural Development 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.
- Headquartered in Rome.
- 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.
Members
- Organization of the Petroleum Exporting Countries (OPEC) and members of the Organization for Economic Co-operation and Development (OECD) are partners with IFAD
- It has 177 member nations.
- Since its founding in 1977, IFAD has coordinated an additional US$31 billion in international and local co-financing and disbursed US$22.4 billion in loans, grants, and other financial assistance.