International fund for Agricultural Development(IFAD)

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News:The 43rd session of the governing council of the International fund for Agricultural Development(IFAD) was held at the Food and Agriculture Organization(FAO) in Rome,Italy.

Facts:

About IFAD:

  • The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialized agency of the United Nations.
  • It was established in 1977 and is one of the major outcomes of the 1974 World Food Conference.It is headquartered in Rome,Italy.
  • It invests in rural people by empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience.
  • Since 1978, IFAD has provided US$18.5 billion in grants and low-interest loans to projects that have reached about 464 million people.

About FAO:

  • The Food and Agriculture Organization(FAO) is a specialized agency of the United Nations that leads international efforts to defeat hunger.It is headquartered in Rome,Italy. 
  • It aims to achieve food security for all and make sure that people have regular access to enough high-quality food to lead active, healthy lives.
  • The various reports published by FAO are a) Global Food Price Index and b) State of the World’s Forests report among others.