Working in Partnership To Eradicate Rural Poverty
Through loans and grants, IFAD works with governments to develop and finance programmes and projects that enable rural poor people to overcome poverty themselves.
Since starting operations in 1978, IFAD has invested US$12.0 billion, DM 7.5 billion in 860 projects and programmes that have reached some 370 million poor rural people.
Governments and other financing sources in recipient countries, including project participants, contributed US$10.8 billion (€7.5 billion), and multilateral, bilateral and other donors provided approximately another US$8.8 billion, €5 billion in cofinancing. This represents a total investment of about US$19.6 billion (€15 billion).
IFAD tackles poverty not only as a lender, but also as an advocate for rural poor people. Its multilateral base provides a natural global platform to discuss important policy issues that influence the lives of rural poor people, as well as to draw attention to the centrality of rural development to meeting the Millennium Development Goals.
Read more about this topic: International Fund For Agricultural Development
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