IFAD Governing Bodies
Membership in IFAD is open to any State that is a member of the United Nations, any of its specialized agencies or the International Atomic Energy Agency. The Fund's 176 Member States are classified in three Lists: List A, B and C.
IFAD Member States
The Governing Council of IFAD is the Fund’s principal Governing Body having full decision-making powers.
It consists of all of IFAD’s Member States and meets annually.
The Executive Board is the Fund's second main Governing Body, consisting of 18 elected Members and 18 Alternate Members.The Board meets three times a year, normally in the months of April, September and December.
IFAD's resources derive from contributions made by its Member States. The Fund holds consultations on the review of its resources whenever the Governing Council deems necessary.
The Audit Committee, which is a sub-committee of the Executive Board of IFAD, was established in order to deal with audit-related matters on an ad hoc basis. The AC is composed of nine of the 36 Members of the Executive Board sitting at the time.
The Evaluation Committee is a sub-committee of the Executive Board. At its formation, the purpose of the Committee was to study and report on the evaluation activities of the Fund aimed at drawing, from completed projects, lessons which may be relevant to the improvement of the design, implementation or evaluation of future projects.