International Fund for Agricultural Development (IFAD)
International Fund for Agricultural Development (IFAD) was set up in 1977 as the 13th specialized agency of the United Nations. 167 countries are members of the IFAD and these are grouped into three lists:
- List-A: Developed Countries,
- List-B: Oil Producing Countries and
- List-C: Developing Countries. India is in List-C.
IFAD is headed by an elected President and has Governing Council and an Executive Board. India has so far contributed US$ 104.0 million to IFAD’s resources. India had pledged to contribute an amount of US$ 25 million to the 8th Replenishment of the IFAD’s resources and has paid US$ 9 million in December 2009 as the first instalment, US$ 8 million in October 2010 as the second instalment of the 8th Replenishment and US$ 8 million in October 2011 as the third and final instalment. India has pledged an amount of US$ 30 million in the 9th Replenishment and emerged as the top donor within C-2 Group of countries. Being the highest donor within C-2 Group, India will continue to retain the membership of the Executive Board during the replenishment period 2013-2015. (Ministry of Finance)
