IFAD and Germany
IFAD is a specialized organization of the United Nations.
- Its mission is the eradication of poverty in rural areas. 75 % of all extremely poor live in rural areas with less then one dollar per day.
This group, manly women and often belonging to ethical minorities, is the main target of IFAD’s operations. The fund became operational in 1977 and has 176 member states.
In 2014 Germany contributed some 24,3 million US$ to IFAD, making Germany the fourth largest donor after Italy, USA and the UK. In the tenth replenishment (2016-2018) Germany will contribute up to 70 million US$.
- Aim of IFAD is to provide additional funds, at advantageous conditions, for agricultural development, and for poverty and hunger reduction in developing countries.
Since its foundation, 974 projects in 122 countries have been financed through IFAD, mobilizing around 23.4 billion US$ in cofinancing and funding from domestic sources for rural development, in addition to the contribution of over 16.3 billion US$ in loans and grants.
In December 2014, IFAD’s portfolio included 223 running projects and programmes in 99 countries worldwide. Typical IFAD projects are small credit programmes, marketing and counselling services.
The control organs of IFAD are the Governing Council, attended by the official Member State Representatives, and the Executive Board. The latter is elected by the Governing Council and consists of 18 elected Members (one of them from Germany) and 18 Alternates. German quota of voting rights amounts to 4.09%.
In December 2014 IFAD employed fourteen German citizens in its professional staff. Further, one APO post (APO=Associate Professional Officer, young professionals serving as IFAD staff members for a two-year-period, sponsored by their respective governments) was held by Germans.