BANKING AFFAIRS

Detailed explanation-1: -The International Fund for Agricultural Development (IFAD; French: Fonds international de développement agricole (FIDA)) is an international financial institution and a specialised agency of the United Nations that works to address poverty and hunger in rural areas of developing countries.

Detailed explanation-2: -Established in 1977, the International Fund for Agricultural Development (IFAD) works to enable poor rural people to improve their food and nutrition security, increase their incomes and strengthen their resilience. IFAD headquarters is located in Rome, Italy.

Detailed explanation-3: -It provides low interest loans and grant to developing countries. At present, IFAD has 172 members Countries. India is a founder member in List-C-II and a key contributor to IFAD (http://operations.ifad.org/web/ifad/operations/country/home/tags/india).

Detailed explanation-4: -The International Fund for Agricultural Development (IFAD) is a specialized agency of the United Nations, dedicated to eradicating poverty and hunger in developing countries. It works in remote rural areas of the world to help countries achieve the Millennium Development Goals.

Detailed explanation-5: -It is a specialized United Nations agency created in 1977 engaged in providing grants and loans with low interest for allied projects. The IFAD works with rural people allowing them to enhance their food security, improve nutrition and raise their incomes. It also helps people to expand their businesses.