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Italy's commitment to IFAD: Fund refinanced with EUR 110 million

Resources for rural areas, climate change, the fight against poverty, food security in developing countries

Rome, December 18, 2023 – The Paris Conference of December 14-15 marked the conclusion of the 13th replenishment of the International Fund for Agricultural Development (IFAD-13), a specialised United Nations agency based in Italy.

At the centre of the negotiations were issues such as Africa and rural development, fragility and climate change, the fight against poverty, and food security, which are also central to the agenda of the Italian G7 presidency opening on January 1, 2024 and an integral part of the “Piano Mattei”.

Italy is once again among the main donors, with a contribution of EUR 110 million for the 2025-27 three-year period.

The Rome-based Fund - established in 1977 and replenished every three years with grant resources - is a multilateral organisation with the dual nature of an international financial institution and a specialised UN agency.

IFAD's mission is to make the rural economies of developing countries more productive, inclusive and sustainable, with a specific focus on the most vulnerable groups including the poorest people, small producers, women, youth and other groups in vulnerable states.

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