IFAD
Proper noun
Meaning
IFAD
Acronym of International Fund for Agricultural Development.
Anagrams
Examples
A state becomes a member of IFAD by ratifying the multilateral treaty known as the Agreement establishing the International Fund for Agricultural Development.
IFAD tackles poverty not only as a lender, but also as an advocate for rural poor people.
Since starting operations in 1978, IFAD has invested $12 billion, DM 7.5 billion in 860 projects and programmes that have reached some 370 million poor rural people.
One example is the International Fund for Agricultural Development (IFAD) to which Saudi Arabia, with $155 million in 1982-84, is the second largest donor after the United States.
“Ebola has had an enormous impact on the lives of rural people – many of whom are small-scale farmers who could not grow food or earn a living during the epidemic,” IFAD president, Kanayo Nwanze, said ahead of a trip to Liberia and Sierra Leone.
IFAD is represented on the Leadership Council of Compact2025 by its president Kanayo F. Nwanze.