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
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