International Fund for Agricultural Development (IFAD)
The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialized agency of the United Nations dedicated to eradicate poverty and hunger in rural areas of developing countries. It was set-up as an international financial institution in 1977 through the United Nations General Assembly as one of the major outcomes of the 1974 World Food Conference. Seventy-five percent of the world's poor live in rural areas in developing countries. IFAD is a member of the United Nations Development Group.
The strategic policy of IFAD is detailed in the Strategic Framework for IFAD 2011–2015:
- Enabling the Rural Poor to Overcome Poverty.
|Formation||15 December 1977|
|Parent organization||United Nations Economic and Social Council|
Objectives of IFAD
- Natural resources, especially secure access to land and water, and improved natural resource management and conservation practices
- Transparent and competitive markets for agricultural inputs and produce
- Opportunities for rural off-farm employment and enterprise development
- Local and national policy and programming
- Improved agricultural technologies and effective production services
- A broad range of financial services