Norway to contribute 360 million NOK to the International Fund for Agricultural Development for 2019-2021

Ifad
“Investing in Rural Youth” was the theme of one interactive session during IFAD’s 41st Governing Council. Photo: IFAD.

Norway has launched a 360 million NOK contribution to the eleventh replenishment of the International Fund for Agricultural Development (IFAD) (2019-2021). This is a 13.4% increase, compared to IFAD10.

Most countries are increasing their contributions to the 2019-2021 period. The total announced so far amounts to almost 900 million USD. These are mainly traditional donations (grant contributions), but two countries opted to provide Concessional Partner Loans.  

 

More contributions are expected. IFAD’s member states agreed to a target of 1.2 billion USD for IFAD11, at IFAD’s 41st Governing Council this February. Gilbert Houngbo, President of IFAD, declared the 1.2 billion target “ambitious but realistic” and emphasized rural investment as key to eliminating poverty and hunger. The theme of the Council was “From fragility to long-term resilience: Investing in sustainable rural economies”.

 

Read more about IFAD’s 41 st Governing Council here