What is the United Nations International Fund for Agricultural Development (IFAD) and what does it aim to achieve?

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What is the United Nations International Fund for Agricultural Development (IFAD) and what does it aim to achieve?

The United Nations International Fund for Agricultural Development (IFAD) is a specialized agency of the United Nations that focuses on eradicating rural poverty and hunger in developing countries. It was established in 1977 and is headquartered in Rome, Italy.

IFAD aims to achieve sustainable agricultural development and rural transformation by providing financial resources and technical assistance to support smallholder farmers and rural communities. Its primary goal is to empower rural people, particularly women and youth, by improving their access to productive resources, markets, and services.

IFAD works closely with governments, civil society organizations, and other development partners to design and implement projects and programs that address the specific needs and challenges of rural areas. It promotes inclusive and sustainable rural development approaches, emphasizing the importance of climate resilience, gender equality, and social inclusion.

Through its investments and initiatives, IFAD aims to enhance agricultural productivity, increase rural incomes, improve food security and nutrition, and promote sustainable natural resource management. It also focuses on strengthening rural institutions and capacities, fostering rural entrepreneurship, and facilitating access to financial services for rural populations.

Overall, IFAD plays a crucial role in supporting the achievement of the United Nations' Sustainable Development Goals, particularly Goal 1 (No Poverty) and Goal 2 (Zero Hunger), by prioritizing the needs and aspirations of rural communities and contributing to their socio-economic development.