International Fund for Agricultural Development, Membership, Latest News

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

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