Question
Which of the following statements are true regarding the "International Fund for Agricultural Development" (IFAD):
Select the correct answer using the code given below:
- It is a specialized agency of the United Nations
- It is a specialized agency of the World Bank Group
- It focuses on food production in developing countries
- It focuses on eradicating rural poverty in developing countries
Select the correct answer using the code given below:
Answer: Option C
Answer: (c)
The International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations, was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference.
The conference was organized in response to the food crises of the early 1970s that primarily affected the Sahelian countries of Africa.
It resolved that "an International Fund for Agricultural Development should be established immediately to finance agricultural development projects primarily for food production in the developing countries."
Through low-interest loans and grants, IFAD works with governments to develop and finance programmes and projects that enable rural poor people to overcome poverty.
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Answer: (c)
The International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations, was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference.
The conference was organized in response to the food crises of the early 1970s that primarily affected the Sahelian countries of Africa.
It resolved that "an International Fund for Agricultural Development should be established immediately to finance agricultural development projects primarily for food production in the developing countries."
Through low-interest loans and grants, IFAD works with governments to develop and finance programmes and projects that enable rural poor people to overcome poverty.
Was this answer helpful ?
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