In a significant move to bolster global food security and sustainable agriculture, the Abu Dhabi Fund for Development (ADFD) has signed a strategic partnership agreement with the International Fund for Agricultural Development (IFAD). The agreement, announced during the World Government Summit, aims to establish a robust co-financing mechanism to support agricultural projects worldwide.
A Framework for Coordinated Investment
The new partnership establishes clear foundations for collaboration in selecting and financing sovereign projects within IFAD’s portfolio. By aligning financing efforts and coordinating evaluation and approval processes, the agreement is designed to enhance the efficiency of resource allocation and maximize the developmental impact of supported initiatives. This structured approach respects the regulatory frameworks and operational policies of both institutions, creating a streamlined path for funding critical projects.
Driving Sustainable Impact
This collaboration underscores the UAE’s commitment to strengthening global partnerships that address climate resilience and rural transformation. The joint efforts will focus on developing sustainable agricultural projects that strengthen value chains, improve the quality of life in rural areas, and enhance the ability of communities to adapt to climate and economic shifts.
His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, commented on the alliance, stating, “This agreement with the International Fund for Agricultural Development reflects our ambitious vision to build strong partnerships with leading international financial institutions, based on the integration of efforts and coordination of implementation and evaluation processes. It supports the development of sustainable agricultural projects that focus on strengthening agricultural value chains, improving quality of life in rural areas, and enhancing communities’ ability to adapt to various climatic and economic changes.”
Mr. Álvaro Lario, President of IFAD, echoed this sentiment: “Our strategic partnership with ADFD creates an advanced model for coordinated investment, maximizing our impact on rural economies. Through this institutional framework, we will mobilize resources and expertise to drive economic growth, enhance food security, and build climate resilience in rural communities.”
A Milestone in Strategic Collaboration
The agreement marks a qualitative milestone in the long-standing relationship between ADFD and IFAD. It paves the way for a new phase of joint action, capacity building, and role integration, ultimately strengthening the future of rural communities and supporting their capacity for growth and progress.
About Abu Dhabi Fund for Development (ADFD)
Abu Dhabi Fund for Development is a leading national entity that provides development funding to drive sustainable economic growth and social progress in developing countries. By offering concessionary loans, managing government grants, and making equity investments, ADFD supports projects in key sectors such as renewable energy, transport, agriculture, healthcare, and education to improve lives and build resilient communities globally.
Source: Zawya
