How to build a 'failure-friendly’ organization

This week, the International Fund for Agriculture Development held the ”Fail Faire” in Rome, where development experts from different organisations not only showcased their results, but also their mistakes.

Why? “Because if we’re afraid to fail, we fail to innovate,” said IFAD President Kanayo Nwanze.

The event didn’t aim to be a celebration of failure, but rather a first step of a process that should lead the U.N. agency — as well as other organizations, including the World Bank — to change its culture and make some adjustments to its operational modalities and project management methods to help turn mistakes into future successes.

This story is forDevex Pro members

Unlock this story now with a 15-day free trial of Devex Pro.

With a Devex Pro subscription you'll get access to deeper analysis and exclusive insights from our reporters and analysts.

Start your free trial