IFAD solvency
IFAB is investing millions in China now, Can do the CP
IFAD January 30th, 2014 (The International Fund for Agricultural Development (IFAD) works with poor rural people to enable them to grow and sell more food, increase
their incomes and determine the direction of their own lives. Since 1978, IFAD has invested almost US$14 billion in grants and low-interest loans to developing countries through projects
empowering about 400 million people to break out of poverty, thereby helping to create vibrant rural communities. IFAD is an international financial institution and a specialized UN agency
based in Rome the United Nations food and agriculture hub. It is a unique partnership of 168 members from the Organization of the Petroleum Exporting Countries (OPEC), other developing
countries and the Organisation for Economic Co operation and Development (OECD), IFAD loans US$43.8 million to China to develop Smallholder Agribusiness in Hubei Province, published
January 2014) [Link] DOA: 2.25.14 EJMG
The International Fund for Agricultural Development (IFAD) will provide a loan of US$43.8 million to
the Peoples Republic of China to finance the Shiyan Smallholder Agribusiness Development Project in Hubei Province. Of the total
project cost of US$116.9 million, US$20.14 million will come from the Hubei provincial government, US$28.5 million from partner banks and
US$ 24.46 million will be the contribution of beneficiaries by way of in-kind labour for operation and maintenance of infrastructure. The
project aims to sustainably improve the incomes and reduce the vulnerability of 255,000 households
(approximately 1.02 million people), of whom approximately 110,400 households (approximately
442,000 people) will be direct beneficiaries. In addition, employment opportunities will be generated
for approximately 26,000 people. The project area is mountainous and hilly. The main causes of poverty in the project area
include: limited land resources, mountainous terrain with poor infrastructure, low level of development of agro-industries and frequent natural
calamities, including drought and hailstorms.
IFAD has an extensive history with Mexico, specifically with solving Rural poverty,
indigenous groups, and gender issues
IFAD06 ((The International Fund for Agricultural Development (IFAD) works with poor rural people to enable them to grow and sell more food, increase their incomes and determine
the direction of their own lives. Since 1978, IFAD has invested almost US$14 billion in grants and low-interest loans to developing countries through projects empowering about 400 million
people to break out of poverty, thereby helping to create vibrant rural communities. IFAD is an international financial institution and a specialized UN agency based in Rome the United
Nations food and agriculture hub. It is a unique partnership of 168 members from the Organization of the Petroleum Exporting Countries (OPEC), other developing countries and the
Organisation for Economic Co operation and Development (OECD), Estados Unidos Mexicanos Evaluacin del programa en el pas, published april 2006)
[Link] DOA: 2.25.2014 EJMG
IFADs mandate and mission have evolved significantly since its establishment in 1977, keeping pace with shifting paradigms and strategies for
development assistance. Although IFADs initial focus was the rural sector with special emphasis on food production and agricultural development, its mission has
broadened over time to include new focuses such as empowerment of the poor, the role of markets, non-farm employment and income, decentralization and
governance. In 1992 a special programming mission made an initial attempt to orient IFADs action along strategic lines. This was a very valuable,
very high quality initiative that served as a strategic framework for IFAD in the following years -
including for the preparation of two projects - and laid the foundations for crucial strategic dialogue
with the Mexican authorities. Nevertheless, the first time a specific IFAD strategy was formalized for Mexico was the 1999 COSOP. The regional
strategy adopted in 2002 provides further strategic elements for IFAD in its work in Latin America and the Caribbean. In Mexico, IFAD has sought
at all times to accommodate the countrys strategic exigencies as well as its own, in line with the
circumstances and changing panoramas on both sides. The objectives of the COSOP and other IFAD strategy papers are generally
relevant to the country situation and national policies, and the general strategic thrusts pursued by IFAD since its establishment are
reflected in the country programme, in particular: serve the rural poor, promote food security and
empower women in a rural development framework that transcends strictly agro productive
considerations. Similarly, some of the approaches and strategic objectives that IFAD has defined for the Latin America and
Caribbean region are embodied in the country programme: support for native communities and ethnic minorities;
mainstreaming of gender issues in all actions and support for eliminating gender inequalities; and
microenterprise development. However, although the COSOP proposes areas of focus for IFAD activities congruent with the priorities and strategies of the Mexican
Government, as a strategic and programming document it presents certain limitations.
