International Fund for Agricultural Development Latest News
Recently, the Government of India and International Fund for Agricultural Development (IFAD) launched a new eight-year Country Strategic Opportunities Programme (COSOP) for 2026–2033.
About International Fund for Agricultural Development
- It is an international financial institution and a specialized agency of the United Nations.
- It was established as an international financial institution in 1977 through United Nations General Assembly Resolution.
- Objective: It is dedicated to eradicating poverty and hunger in rural areas of developing countries.
- IFAD is the only UN agency exclusively dedicated to transforming agriculture, rural economies and food systems.
- It seeks to empower rural people to increase their food security, improve the nutrition of their families.
- Its projects and programmes are carried out in remote and environmentally fragile locations, including least-developed countries and Small Island developing States.
- It is a member of the United Nations Development Group (UNDP).
- Grants: IFAD extends two types of grants, depending on the nature of the innovation and the scope of intervention: global or regional grants and country-specific grants.
- IFAD grants support research, innovation, institutional change, and pro-poor technologies.
- Membership: Currently, IFAD has 180 Member States, including India. (India is a founding member of IFAD).
- Governance: Its Governing Council is the highest decision-making body which meets every three years.
- Headquarter: Rome, Italy.
What is the Country Strategic Opportunities Programme (COSOP)?
- It is aimed at strengthening rural incomes, improving resilience and expanding sustainable livelihood opportunities across India.
- It focuses on two major priorities
- Enhancing the social, economic and climate resilience of rural communities
- Strengthening knowledge systems to scale successful development models across India and other countries of the Global South.
- Time Period: for 2026–2033
Source: DD News
Last updated on June, 2026
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