Dinesh Sharma, Additional Finance Secretary, Department Of Economic Affairs and India’s Governor to the International Fund for Agriculture Development (IFAD) was unanimously elected as the Chairperson of the Governing Council of IFAD for a period of two years in its 39th Session held in Rome, Italy.
IFAD was setup in 1977 as the 13th Specialized Agency of the United Nations and works towards removing poverty and hunger in rural areas all over the world. India is a founder member of IFAD and a key contributor among the member countries. IFAD is managed by the two main governing bodies those are Governing Council and the Executive Board. The Governing Council is the highest decision making body and consists of 176 member countries.
It was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference. 75% of the world’s poor live in rural areas in developing countries, yet only 4% of official development assistance goes to agriculture. IFAD’s goal is to empower poor rural women and men in developing countries to achieve higher incomes and improved food security.
Extra Info :
The President of the IFAD : Kanayo F. Nwanze from Nigeria
So lets do some exercise based on this post :
1. Expand the term IFAD.
2. Name the person who has been appointed as Chairman of Governing Council of IFAD ?
3. How many countries are the member of IFAD ?
Courtesy : PIB News