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IFAD Full Form: History, Opportunities, Challenges etc.

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The IFAD Full form is an International fund for agricultural development and it is an international financial institution and a specialised agency of the United Nations that works to address poverty and hunger in rural areas of developing countries. It is the only multilateral development organization that focuses on rural economies, food security and climate change.

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Headquartered in Rome, Italy, IFAD is involved in over 200 projects across nearly 100 countries. It funds and sponsors initiatives that improve land and water management, develop rural infrastructure, train and educate farmers in more efficient technologies, build up resilience against climate change, enhance market accessibility, and more.

Page Index
1 History
2 IFAD Overview
3 IFAD Opportunities
4 Challenges
5 IFAD (India)
6 Initiatives and facilities of IFAD
7 Frequently Asked Questions (FAQs)

History

One of the primary outcomes of the 1974 World Food Conference was the establishment of IFAD as an international finance agency by United Nations General Assembly Resolution 32/107 (30 December 1977). It is a part of the UN Development Group and has its headquarters in Rome, Italy. Gilbert F. Houngbo, a Togolian, serves as the president of the IFAD. He was chosen for a second, four-year term in 2021 after being selected in 2017.

IFAD Overview

IFAD Full FormInternational fund for agricultural development
HeadquartersRome, Italy
Formation15 December 1977
Managing DirectorGilbert Houngbo
MethodSocial science research
Websitewww.ifad.org

IFAD Opportunities

Agriculture has a track record of reducing poverty. Compared to growth in other sectors, GDP growth from agriculture is more successful at reducing poverty. Growth in agriculture in sub-Saharan Africa eliminates poverty up to 11 times more quickly than growth in other industries.

IFAD-funded programmes have demonstrated that rural people may escape poverty provided they have access to money, markets, technology, and knowledge.

But our effort has benefits beyond simply boosting rural residents’ economic development. Additionally, it encourages inclusivity and gender equality increases the capability of neighbourhood associations and communities, and increases climate change resistance.

Our work is essential to achieving the 2030 Agenda for Sustainable Development by supporting initiatives that revitalise rural regions and fighting for the needs of underprivileged rural residents.

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Challenges

The most pressing problems facing humanity cannot be put off due to the expanding world population, which will reach 9 billion by 2050, the widening wealth and poverty divide, and the intensifying struggle for limited resources.

In the most remote areas of developing countries and in unstable conditions, where few development organisations venture, IFAD works where poverty and hunger are at their worst.

We have established a partnership-focused, cost-efficient strategy that produces outcomes. Our development strategy, which links farmers and underprivileged rural people to markets and services so they can increase their productivity and income, is centred on small-scale agriculture.

IFAD (India)

Since 1979, IFAD has had a presence in India. In India, the organisation works to improve poor people’s access to technological advancements in agriculture, financial services, natural resources, and value chains.

ParticularDescription
WorkIt also works to share knowledge and lessons learned about nutrition security & poverty alleviation.
Main FocusIn India, the emphasis is on tribal communities, smallholder farmers, women, scheduled castes, etc.
LocatedIFAD is located in New Delhi.
Nodal AgencyThe Department of Economic Affairs, Finance Ministry, GOI is the IFAD’s nodal agency in India.

IFAD Focus Areas in India

IFAD Full Form-
IFAD Full Form-

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Initiatives and facilities of IFAD

As the world focuses on the 2030 Agenda for Sustainable Development, IFAD is supporting several innovative programmes and platforms aimed at achieving a world free of hunger and poverty. In the below table, you can get information about the IFAD initiatives and facilities.

Adaptation for Smallholder Agriculture Programme (ASAP)Indigenous Peoples Assistance Facility (IPAF)
Agri-Business Capital (ABC) FundThe Financing Facility for Remittances (FFR)
China-IFAD South-South and Triangular Cooperation FacilityDiaspora Investment in Sustainable Rural Youth Entrepreneurship in Mali
IFAD Crisis Response InitiativeGlobal gender transformative approaches initiative for women’s land rights
IFAD’s Rural Poor Stimulus FacilityGender Transformative Mechanism in the Context of Climate Adaptation
Pacific Islands Rural and Agriculture Stimulus FacilityJoint Programme on Accelerating Progress towards the Economic Empowerment of Rural Women – JP RWEE
The Climate and Commodity Hedging to Enable Transformation (CACHET)International Aid Transparency Initiative
A platform for Agricultural Risk Management (PARM)National Designated Authorities partnership platform
Insurance for Rural Resilience and Economic Development (INSURED)Rural Resilience Programme
International Land Coalition (ILC)The Smallholder and Agri-SME Finance and Investment Network
Facility for Refugees, Migrants, Forced Displacement and Rural Stability (FARMS)Private Sector Financing Programme

Frequently Asked Questions (FAQs)

What is the IFAD Full Form?

The IFAD Full Form is an International fund for agricultural development.

When is IFAD established?

The IFAD is established on 15 December 1977.

What does IFAD do?

It works to address poverty and hunger in rural areas of developing countries.

How many countries are in IFAD?

IFAD has 177 Member States from all regions of the world, including developing, middle, and high-income countries committed to ending rural poverty.

What is the headquarter of IFAD?

IFAD headquarters is located in Rome, Italy.


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