International Fund for Agricultural Development

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

YearProjectCurrencyAmount
2008Fisheries and Agriculture Diversification ProgrammeSDR2,299,737
2006Post Tsunami Agricultural and Fisheries Rehabilitation ProgrammeSDR1,400,644
2005Post Tsunami Agricultural and Fisheries Rehabilitation ProgrammeSDR1,398,787
1995Southern Atolls Development ProjectSDR1,712,705
1990Atolls Credit and Development Banking ProjectSDR2,263,084
1983Second Fisheries ProjectSDR1,717,747
Website Link:www.ifad.org


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