IFAD

abbreviation

1. International Fund for Agricultural Development

Example Sentences

France decided to host and organise the 13th replenishment of IFAD, and was now launching a call for contributions by making the commitment, Macron said in a video message broadcast during a charity concert organized in New York by non-profit group Global Citizen.

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Lario, who takes up his post on Saturday, said he saw the strength of the U.S. dollar as one of the main challenges he will face, as many of IFAD's funding pledges to countries are in local currencies.

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IFAD's member states review the fund's performance every three years and replenish its resources and this process is due to take place in 2023.

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The couple, who were also designated on Monday as goodwill ambassadors for IFAD, contracted the virus themselves in March although reportedly only suffered mild symptoms.

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IFAD, a U.N. agency that promotes rural development, said it would put $40 million into the new fund to counter the effects of the pandemic on food production, market access and employment in developing countries.

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