The International Fund for Agricultural Development (IFAD) (Italian: Fondo Internazionale per lo Sviluppo Agricolo) is a specialized agency of the United Nations dedicated to eradicating rural poverty in developing countries. It was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference. Seventy-five per cent of the world’s poor live in rural areas in developing countries, yet only 4% of official development assistance goes to agriculture.
The strategic policy of IFAD is detailed in Strategic Framework for IFAD 2011-2015: Enabling the Rural Poor to Overcome Poverty. Its headquarters is in Rome, Italy and is a member of the United Nations Development Group.
The current President of the IFAD is Mr. Kanayo Nwanze from Nigeria, who was elected for a four year term in 2009.
Read more about International Fund For Agricultural Development: Goal, Objectives, Working in Partnership To Eradicate Rural Poverty, Membership, Soaring Food Prices and The Rural Poor, Status of Rural Poverty
Famous quotes containing the words fund and/or development:
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)
“I can see ... only one safe rule for the historian: that he should recognize in the development of human destinies the play of the contingent and the unforeseen.”
—H.A.L. (Herbert Albert Laurens)