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:
“School success is not predicted by a child’s fund of facts or a precocious ability to read as much as by emotional and social measures; being self-assured and interested: knowing what kind of behavior is expected and how to rein in the impulse to misbehave; being able to wait, to follow directions, and to turn to teachers for help; and expressing needs while getting along with other children.”
—Daniel Goleman (20th century)
“To be sure, we have inherited abilities, but our development we owe to thousands of influences coming from the world around us from which we appropriate what we can and what is suitable to us.”
—Johann Wolfgang Von Goethe (1749–1832)