Twelft Replenishment of the International Fund for Agricultural Development
Development cooperation , 12.02.2021

Twelft Replenishment of the International Fund for Agricultural Development

Description

IFAD is a UN specialized agency, which provides funding for programs and projects that improve food security and nutrition and reduce rural poverty in developing countries. The replenishment of IFAD's resources are negotiated every three years. The upcoming IFAD-12 replenishment will cover 2022-2024. The IFAD-12 total replenishment was agreed at the December 2020 meeting to be $ 3.8 billion, of which donors will pay a total of $ 1.55 billion. During the IFAD-12 period, 100% of IFAD's grant funding will go to the poorest countries (LIC and LMIC) and 55% to Africa. At least 25% of resources are directed to fragile states and 40% to climate finance. Finland will participate in IFAD-12 replenishment with EUR 15,000,000.

Funding decision  12.02.2021

15 000 000 €

Target region

Developing countries

Objectives monitored by OECD's Development Assistance Committee

  • Aid to environment
  • Climate change - mitigation
  • Climate change - adaptation
  • Gender equality
  • Participatory development/Good governance

Field of activity

  • Agricultural development 50%
  • Rural development 50%

Type of aid

Core contributions to multilateral institutions

Special target group

  • youth
  • people with disability
  • indigenous peoples / ethnic minorities

Funding channel

Kv maatalouden kehittämisrahasto

Contact

keo-50

Code for the object of funding

89892740

ID

UHA2016-003585

Modified

16.02.2021