The International Fund for Agricultural Development (IFAD) is a specialized agency of the United Nations (UN) that was established in 1977. IFAD's primary objective is to eradicate rural poverty and hunger in developing countries by supporting agricultural development and rural transformation.
IFAD provides financial and technical assistance to help smallholder farmers and rural communities improve their productivity, incomes, and food security. Its focus is on economically viable and environmentally sustainable agriculture practices, aiming to promote inclusive and equitable rural development.
IFAD operates by mobilizing resources from developed countries, as well as from international financial markets, and channels them to its member countries in the form of low-interest loans and grants. It collaborates with governments, rural communities, and other development partners to design and implement projects and programs that address specific needs and challenges in the agricultural sector.
In addition to providing financial support, IFAD also plays a crucial role in policy dialogue, advocacy, and knowledge sharing. It conducts research, collects data, and promotes evidence-based practices to inform policy-making and agricultural development strategies. IFAD also facilitates South-South and triangular cooperation, promoting the exchange of experiences and expertise among developing countries.
Overall, the International Fund for Agricultural Development plays a vital role in addressing rural poverty and food insecurity by investing in sustainable agricultural development, empowering smallholder farmers, and fostering inclusive rural transformation.
