International Fund for Agricultural Development
| International Fund for Agricultural Development | |
 |
|
| Abbreviation | IFAD |
|---|---|
| Formation | 1977 |
| Type | Development Fund |
| Legal status | Active |
|
Head
|
Kanayo F. Nwanze |
| Website | http://www.ifad.org/ |
The International Fund for Agricultural Development (IFAD) (French: Fonds international de développement agricole; FIDA) (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 percent 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 President of the IFAD is Kanayo F. Nwanze from Nigeria, who was elected for a second four-year term in 2013. The Secretary of IFAD is Raşit Pertev.
IFAD's goal is to empower poor rural women and men in developing countries to achieve higher incomes and improved food security.
IFAD seeks to ensure that poor rural people have better access to, and the skills and organization they need to take advantage of:
All of IFAD's decisions – on regional, country and thematic strategies, poverty reduction strategies, policy dialogue and development partners – are made with these principles and objectives in mind. As reflected in the strategic framework, IFAD is committed to achieving the Millennium Development Goals, in particular the target to halve the proportion of hungry and extremely poor people by 2015.
Underlying these objectives is IFAD’s belief that rural poor people must be empowered to lead their own development if poverty is to be eradicated. Poor people must be able to develop and strengthen their own organizations, so they can advance their own interests and dismantle the obstacles that prevent many of them from creating better lives for themselves. They must be able to have a say in the decisions and policies that affect their lives, and they need to strengthen their bargaining power in the marketplace.
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