• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    IFAD Raised Investments in 2009

    By Ma. Rizza Leonzon // 14 July 2010
    The International Fund for Agricultural Development reports boosting financing in 2009 for efforts benefiting poor people in rural communities worldwide. Photo by: spisharam / CC BY spisharamCC BY

    To improve the living conditions of the rural poor, the International Fund for Agricultural Development in 2009 focused its efforts on three areas: results, reach and reform.

    IFAD-backed projects are showing tangible results, according to Kanayo Nwanze, the United Nations agency’s president. Last year, IFAD completed 52 projects and had an ongoing portfolio of 185 projects directly supervised by the organization. Most new projects in 2009, Nwanze said, were approved with a direct supervision arrangement.

    The agency also approved the establishment of 27 country offices in 31 countries by the end of 2009, 25 of which were already operational.

    In terms of reach, IFAD’s portfolio grew by 19 percent in 2009. The agency approved USD717.5 million in grants and loans in the past year, of which disbursements reached a record high of USD437.5 million. For 2010, IFAD has at its disposal some USD800 million, a 12 percent increase from the 2009 level.

    The organization is looking at delivering a program of work worth some USD3 billion from 2010 to 2012.

    “This will allow us to reach some 60 million poor rural men and women, enabling them to grow and sell more food, increase their incomes and determine the direction of their own lives,” Nwanze said in the 2009 IFAD annual report.

    In reforming the institution, Nwanze said the focus is to make IFAD an “efficient, effective and agile” institution. He noted the agency’s efforts to make the decision-making process more transparent and inclusive.

    The agency is also reforming its human resources management system to strengthen its “on-ground delivery of innovative assistance.”

    Nwanze said: “We have initiated a strategic workforce planning process to allow us to understand better what changes are needed in order to realize our vision for IFAD’s workforce in 2015.”

    This year will be “crucial in laying solid foundations for our expanded programme of work,” his message in the report read. Nwanze said IFAD’s strategic framework for 2007-2010 will provide the “basis for developing our relationship with middle income countries, and for defining our response to fragile states in emergency situations, such as Haiti.”

    • Funding
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ma. Rizza Leonzon

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.

    Search for articles

    Related Stories

    Food systems UN agriculture fund calls for investment in rural and Indigenous people

    UN agriculture fund calls for investment in rural and Indigenous people

    Development FinanceIFAD looks beyond US aid, and toward catalytic solutions

    IFAD looks beyond US aid, and toward catalytic solutions

    Development FinanceRemittances far outstrip foreign aid. But can they replace it?

    Remittances far outstrip foreign aid. But can they replace it?

    Devex InvestedDevex Invested: What will remain of US aid under Trump?

    Devex Invested: What will remain of US aid under Trump?

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      The UN's changing of the guard
    • 3
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 4
      Opinion: India’s bold leadership in turning the tide for TB
    • 5
      The top local employers in Europe
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement