At a time when the transformation of food systems in the face of climate change requires unprecedented levels of funding and financial innovation, the International Fund for Agricultural Development (IFAD), a UN specialized agency and international financial institution, has both increased and exceeded its goals in concretely delivering financing to rural and vulnerable populations. As of today, IFAD has invested more than US$1.28 billion in projects supporting small-scale farmers to adapt to climate change and produce food sustainably for the period 2022-2024. This represents 47 per cent of the Fund’s Programme of Loans and Grants (PoLG), and exceeds the target set at 40 per cent.
IFAD’s Climate Action Report 2024, entitled “Green Horizons: A Year of Climate Action for People, Resilience and Biodiversity” was released today, highlighting IFAD’s strengthened commitment to supporting the world’s most vulnerable small-scale farmers. The report documents IFAD’s efforts to help these farmers adapt to climate change impacts, protect ecosystems, and promote sustainable agriculture.
