International Fund for Agricultural Development
The International Fund for Agricultural Development (English International Fund for Agricultural Development, IFAD ) is a specialized agency of the United Nations. The Fund was created on the initiative of the World Food Summit of 1974. The Statute entered into force on 30 November 1977. Headquarters of the Organization, Rome. The funds belong to 163 countries.
Tasks and finance
Its central task, as the funds in the mobilization of resources in support of small farmers and landless rural workers to
- Increase food production
- Improve nutrition
- Increase in income
- Increasing employment
The funds are obtained from membership fees, the amount of which is defined by the membership lists of countries. Distinction is made between " industrialized countries ", " oil-exporting countries " and " developing countries " distinguished. The funds are often awarded primarily to low-income countries of the Third World at specified purposes and on particularly advantageous terms. Long-term loans can be differentiated into three groups:
Since the establishment of IFAD about 600 projects in more than 100 countries have been funded. Their services complement the loans from the World Bank Group and the regional development banks.
Organs
IFAD has a similar structure as the Institute of the World Bank Group.
- The Board of Governors is the highest organ. Each country is represented by a Governor. It meets annually, determines the policies and selects the projects to be financed. The contribution stronger industrial and ölexportiernenden countries have a higher voting weight.
- The Board of Directors takes over the management. It consists of 18 members (8 × IL, 4 × OIL, 6 × EL) and meets three times per year. Member States shall regularly change in staggered intervals.
- The Secretariat has about 300 employees. The Board of Governors selects every four years a new president.