• IFAD was established as an international financial institution in 1977 and was a major outcome of the 1974 World Food Conference (organized by UN and FAO).
  • The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialized agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries.
  • Three-quarters of the poorest people in the world live in the rural areas of developing countries. Most of them depend on agriculture for their livelihoods. Climate change, a growing global population, and volatile food and energy prices have the potential to push millions more vulnerable people into extreme poverty and hunger by 2030.
  • IFAD invests in rural people, empowering them to increase their food security, improve the nutrition of their families, increase their incomes and help them build resilience, expand their businesses and take charge of their own development.
  • Promoting gender equality is a key element of IFAD’s work to reduce rural poverty and improve food security. Women make up about half of all participants of the projects we support. When women are empowered, families, communities, and countries benefit.UPSC Prelims 2024 dynamic test series
  • IFAD is a member of the United Nations Development Group (UNDP).
  • IFAD has 172 members Countries. [List A- comprising the developed countries; List B- comprising the oil-producing countries; List C- comprising the developing countries].
  • India is a founder member of IFAD and is the largest recipient of IFAD’s investments.
  • In partnership with IFAD, India has achieved significant results in various areas including the commercialization of smallholder agriculture, grass-roots institution building to enable communities to manage their own development, the empowerment of women, and the improvement of livelihoods in tribal and other communities.

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