The International Fund for Agricultural Development (IFAD) is an international financial institution which was established in 1977, and a specialized agency of the United Nations that works to address poverty and hunger in rural areas of developing countries. They are the only specialized global development organization exclusively focused on and dedicated to transforming agriculture, rural economies and food systems. IFAD invests in rural communities, empowering them to increase their food security, improve the nutrition of their families and increase their incomes.
IFAD assistance to Maldives is mainly for the fisheries and agricultural sector. They have helped to create smallholder value chain through market-driven commercialization and diversification.
IFAD in the Maldives
Year Project Currency Amount 2008 Fisheries and Agriculture Diversification Programme SDR 2,299,737 2006 Post Tsunami Agricultural and Fisheries Rehabilitation Programme SDR 1,400,644 2005 Post Tsunami Agricultural and Fisheries Rehabilitation Programme SDR 1,398,787 1995 Southern Atolls Development Project SDR 1,712,705 1990 Atolls Credit and Development Banking Project SDR 2,263,084 1983 Second Fisheries Project SDR 1,717,747