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International Fund for Agriculture Development (IFAD)

The International Fund for Agricultural Development (IFAD) a specialized agency of the United Nations was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference which was organized in response to the food crises of the early 1970s that primarily affected the Sahelian countries of Africa.
The conference ascertained that an International Fund for Agricultural Development should be established immediately to finance agricultural development projects in the developing countries.
In this context the Fund has been established with a view to mobilize resources with exceptional terms to develop programs that reduce the extent of poverty and improve nutrition, hence, it can be stated that the Fund has a very specific mission which is fighting hunger and rural poverty in developing countries.
Egypt's Contribution to renew resources
Members of the International Fund for Agricultural Development (IFAD), which are presently 164 members, pay their contributions on voluntary basis to be renewed every four years, the resources are employed to finance projects and grants that are provided to members to conduct studies and short term technical assistance.
In this respect Egypt has contributed with the amount of 3 Million Dollars for the resources of the fourth and fifth terms of the Fund, in its capacity among the third category members which include developing countries.
IFAD working strategy
In line with the Fund's strategic framework during the period (2002 – 2006), the FUND will continue its mission to combat rural poverty and ultimately eradicate poverty according to the vision and need of the poor themselves, through the support of social development, gender equality, income management, improvement of nutrition status and improvement of environmental sustainability.
This includes improving and strengthening the poverty combating institutions to augment its front to face its problems which are identified as accepted standards to eradicate poverty, also the attempt to acquire more knowledge for the poor to enable them to perceive opportunities, overcome impediments and promote their skills in the sphere of trade.
In addition, the target group to be served by the Fund is the poorest of the world poor, small scale farmers, the deprived, cattle drovers, fishermen, laymen, poor rural women.
In order to abide with the respective interests of the Fund to reduce poverty in rural areas in developing countries, major part of the Fund's resources is dedicated to law income developing countries with long term privileges in which the loan is reimbursed along 40 years, with a grace period of ten years and charging of 0.75% as service fees. The Fund also provides ordinary and medium term loans with fewer benefits.
653 projects were financed in 115 countries ever since the establishment of IFAD.The amount of 8.1 Billion Dollars was allocated by the Fund, whereas governments including recipient countries contributed with the amount of 8 Billion Dollars to finance such projects. Those projects aims at assisting 50 million poor rural families, i.e., around 250 million individual.
Egypt vs. IFAD relationship
The remarkable relation between Egypt and the Fund has commenced ever since its creation in 1977, where a strategy of cooperation was formulated to support the Egyptian agricultural development plan to conform to the country's socioeconomic plan. IFAD has started its activities in Egypt in 1980, where it has financed (9) agricultural projects with the sum of 144.25 currency units, the equivalent of 183 Million Dollars, those projects have achieved most of their objectives, the matter that assisted in the progress of agricultural development and raising income levels of small scale farmers.
List of current projects:

  1. West Noubaria Rural Development Project.
  2. Agricultural Production Intensification Project in the north of Upper Egypt.

List of proposed projects:

  1. Rural Development Project in Upper Egypt, Assiut and Qena.

List of completed projects:

  1. West Beheira Settlement Project.
  2. Minia Agricultural Development Project.
  3. Fayoum Agricultural Development Project.
  4. New Lands Agricultural Development Project.
  5. Pathogen Free Egg Production Project (SPE).