Description

The International Fund for Agricultural Development (IFAD) 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.

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, enhancing market accessibility, and more.

IFAD was established as an international financial institution in 1977 through United Nations General Assembly Resolution 32/107 (30 December 1977) as one of the major outcomes of the 1974 World Food Conference.