International Fund for Agricultural Development
UN agency in poor countries a specialized United Nations agency with a mandate to combat hunger and rural poverty in countries with developing economies. Established as an international financial institution in 1977 following the 1974 World Food Conference, it has financed projects in over 100 countries and independent territories, to which it has committed US$7.7 billion in grants and loans. It has three sources of finance: contributions from members, loan payments, and investment income.
Related definitions of "International Fund for Agricultural Development"
- Abbr IFAD