International Fund for Agricultural Development

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International Fund for Agricultural Development.
International Fund for Agricultural Development

IFAD logo
Organization type Specialized agency
Abbreviation IFAD, FIDA
management Gilbert Houngbo since 2017 Togo
TogoTogo 
Founded November 30, 1977
Headquarters Rome Italy
ItalyItaly 
Upper organization United NationsU.N. United Nations
www.ifad.org

The International Fund for Agricultural Development ( english International Fund for Agricultural Development , IFAD) is a specialized agency of the United Nations . The fund came into being at the suggestion of the World Food Summit in 1974. The statutes came into force on November 30, 1977. The organization is based in Rome . 177 countries belong to the fund.

structure

Member states 2020: A states B states C states Non-members Controversial / occupied areas, de facto regime






IFAD policy is determined by the member states. The governing bodies of IFAD are, on the one hand, the Governing Council and, on the other hand, the Executive Board . The council meets once a year in Rome. It consists of representatives from all member states. It decides on the admission of new members, the appointment of the IFAD President, approves the administrative budget, and adopts comprehensive guidelines, criteria and regulations. The voting weights of the member states are linked to their membership fees, ie the higher the contribution, the higher the voting weight. The member states are divided into A states (industrialized countries), B states (states whose economies are essentially based on oil production) and C states (poorer or classic developing countries). The classification seems to be out of date, however, since South Korea and the People's Republic of China , for example, are still counted as C countries. In 2020, the A-States contributed 49.7%, the B-States 11.5% and the C-States 38.7% to the IFAD budget.

The Presidium consists of 18 elected members and 18 changing members. The meetings of the Presidium, which take place three times a year in April, September and December, are chaired by the IFAD President. Both members and changing members are elected within the framework of the three groups of states (A, B and C states) for three years each and then confirmed by the council.

Tasks and funding

The fund sees its central task in mobilizing resources to support smallholders and landless agricultural workers

  • Increase in food production
  • Improvement of the nutritional situation
  • Increase In Income
  • Increase in employment

The funds are obtained from the membership fees, the amount of which results from the affiliation to defined country lists. A distinction is made between "industrialized countries", "oil-exporting countries" and "developing countries". The funds are given primarily to low-income countries for precisely defined purposes and often on particularly favorable terms. IFAD awards grants to particularly poor and highly indebted countries as well as long-term loans, which in turn can be divided into three groups:

  1. interest-free (1% processing fee annually), 40-year term, 10 years of which are redemption-free (approx. 70% of all loans)
  2. 4% interest, 20 years term, of which 5 years are redemption-free (approx. 23% of all loans)
  3. 8% interest, 15 to 18 years term, 3 years of which are redemption-free (approx. 7% of all loans)

So far, around 600 projects in over 100 countries have been funded. Their services complement the loans of the World Bank Group and the regional development banks. In order to cover the administrative costs and to replace the capital provided by the granting of grants, so-called replenishment negotiations take place at regular intervals (currently every three years).

In 2018, the eleventh replenishment of the fund with a volume of around 1.2 billion US dollars (including additional contributions) for the period from 2019 to 2021 was decided. Germany is involved in this with an amount of around 80 million euros (including additional contributions). The United States, which has been the largest donor for many years, has greatly reduced its payments in the current IFAD11 program (2019-2021).

Member states

In 2020 IFAD had 177 member states (with year of accession):

Joined in 1977

Joined by 1980

Joined by 1990

Joined by the year 2000

Joined by 2010

Joined after 2010

organs

The IFAD is structured in a similar way to the institutes of the World Bank Group. The Board of Governors is the highest body. Each member country is represented by a governor. It meets annually, determines the guidelines and selects the projects to be financed. The industrial (IL) and oil exporting (OIL) countries with higher contributions have a higher weight of votes. The board of directors takes over the management. It consists of 18 members (8 × IL, 4 × OIL, 6 × EL) and meets three times a year. The Member States change regularly at staggered intervals. The secretariat has around 300 employees. The Board of Governors elects a new President every four years. A one-time re-election is possible.

Previous presidents

The IFAD has so far been led by 6 presidents.

Executive Director nationality Term of office
Abdelmuhsin M. Al-Sudeary Saudi ArabiaSaudi Arabia Saudi Arabia 1977-1984
Idriss Jazairy AlgeriaAlgeria Algeria 1984-1993
Fawzi Al-Sultan KuwaitKuwait Kuwait 1993-2001
Lennart Båge SwedenSweden Sweden 2001 - 2009
Kanayo F. Nwanze NigeriaNigeria Nigeria 2009-2017
Gilbert Houngbo TogoTogo Togo 2017 -

Web links

Individual evidence

  1. ↑ An international response to global food shortages. IFAD website, accessed on February 23, 2020 .
  2. ^ Governing Council. IFAD website, accessed March 5, 2020 .
  3. ^ Voting Rights of IFAD Member States 03/03/2020. (pdf) IFAD website, March 3, 2020, accessed on March 5, 2020 (English).
  4. ↑ Executive Board. IFAD website, March 3, 2020, accessed March 5, 2020 .
  5. ↑ Contributions to IFAD's Regular resources (pledges and payments A / B / in cash and promissory notes deposited) Including DSF and grant element of CPL, and excluding Complementary Contributions (US $ million). (pdf) IFAD, February 7, 2020, accessed on February 23, 2020 (English).
  6. ^ Member States. IFAD website, accessed on February 23, 2020 .
  7. ↑ https://www.ifad.org/en/web/latest/news-detail/asset/39078636 accessed on January 21, 2020
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