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Consider the following statements with respect to International Fund for Agricultural Development (IFAD):
  1. It is a specialized United Nations agency.
  2. It is a multilateral development institution that focuses on transforming rural economies and food systems.
  3. It releases the Rural Development Report annually.
Which of the statements given above are correct?
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3 ​
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements with respect to International Fund f...
The correct answer is option D: 1, 2, and 3.

International Fund for Agricultural Development (IFAD) is a specialized United Nations agency that focuses on transforming rural economies and food systems. It releases the Rural Development Report annually. Let's discuss each statement in detail:

1. It is a specialized United Nations agency:
IFAD is indeed a specialized United Nations agency. It was established in 1977 as an international financial institution and is headquartered in Rome, Italy. It became a specialized agency of the United Nations in 1987. IFAD's primary goal is to eradicate rural poverty and hunger, improve food security, and promote sustainable agricultural development.

2. It is a multilateral development institution that focuses on transforming rural economies and food systems:
IFAD is a multilateral development institution that focuses on transforming rural economies and food systems. It provides financial resources and technical assistance to developing countries to support their efforts in agricultural development and rural poverty reduction. IFAD's projects and programs aim to enhance agricultural productivity, improve rural infrastructure, promote access to markets, empower rural communities, and strengthen the resilience of small-scale farmers.

3. It releases the Rural Development Report annually:
IFAD does release the Rural Development Report annually. The report provides a comprehensive analysis of the challenges and opportunities faced by rural areas around the world. It covers various aspects of rural development, including agriculture, food security, sustainable natural resource management, rural finance, and social inclusion. The report aims to inform policymakers, development practitioners, and the general public about the importance of investing in rural development and the potential impact it can have on poverty reduction and sustainable development.

In conclusion, all three statements are correct. IFAD is a specialized United Nations agency that focuses on transforming rural economies and food systems. It releases the Rural Development Report annually to provide insights into rural development challenges and opportunities.
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Consider the following statements with respect to International Fund f...
  • International Fund for Agricultural Development (IFAD) is an international financial institution and specialized United Nations agency based in Rome, the UN’s food and agriculture hub. Since 1978, we have provided US$23.2 billion in grants and low-interest loans to projects that have reached an estimated 518 million people. International Fund for Agricultural Development (IFAD) invests in rural people, empowering them to increase their food security, improve the nutrition of their families and increase their incomes. Hence statement 1 is correct. 
  • IFAD is the only multilateral development institution that focuses exclusively on transforming rural economies and food systems. It works in remote regions of developing countries and fragile situations, where few aid agencies or international financial institutions venture. Hence statement 2 is correct. 
  • IFAD publishes the Rural Development Report annually. Rural Development Report 2021 calls for a revolutionary transformation of the world’s food systems. The 2021 report is focussed on the theme 'Transforming Food Systems for Rural Prosperity'. Hence statement 3 is correct. 
  • In the context of recent food crisis in Sri Lanka, the International Fund for Agricultural Development (IFAD) and Sri Lanka are working together to promote the island’s agriculture-based economy. 
  • IFAD recently released report titled 'Transforming Food Systems for Rural Prosperity'. In this report, IFAD observed Transforming global food systems to become more inclusive, fair and sustainable may seem an insurmountable challenge, but there are concrete actions policymakers can take.
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Consider the following statements with respect to International Fund for Agricultural Development (IFAD): It is a specialized United Nations agency. It is a multilateral development institution that focuses on transforming rural economies and food systems. It releases the Rural Development Report annually.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3 Correct answer is option 'D'. Can you explain this answer?
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