International Fund for Agricultural Development

International Fund for Agricultural Development Latest News

Recently, the Government of India highlighted the country’s pioneering achievements in rural transformation and development leadership at the International Fund for Agricultural Development – India Day event held in Rome.

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 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).
• IFAD grants support research, innovation, institutional change, and pro-poor technologies.
  • 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.
• 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.

Source: PIB

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