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Definition of

IFAD

Finance abbr

UN agency in poor countries International Fund for Agricultural Development: a specialized United Nations agency with a mandate to combat hunger and rural poverty in countries with undeveloped economies. Established as an international financial institution in 1977 following the 1974 World Food Conference, it has financed projects in over 100 countries and independent territories, to which it has committed US$7.7 billion in grants and loans. It has three sources of finance: contributions from members, loan payments, and investment income. Its annual commitment level is approximately US$450 million.

Definitions of ’IFAD’ and meaning of ’IFAD’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’IFAD’ and other financial terms with our online QFINANCE Financial Dictionary.

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