Key Takeaways
- Abu Dhabi Fund for Development (ADFD) signed a co-financing agreement with IFAD
- Partnership focuses on sovereign agricultural projects within IFAD’s portfolio
- Agreement aims to align evaluation, approval, and regulatory processes
- Collaboration supports sustainable agriculture, food security, and climate resilience
- Signing took place during the World Government Summit
Abu Dhabi Fund for Development Expands Global Agricultural Partnerships
Abu Dhabi Fund for Development (ADFD) signed an agreement with the International Fund for Agricultural Development (IFAD) to enhance co-financing mechanisms and support the sustainability of agricultural projects. IFAD is the only international financial institution exclusively focused on rural transformation.
The agreement was signed during the World Government Summit by His Excellency Mohamed Saif Al Suwaidi, Director General of ADFD, and Mr. Alvaro Lario, President of IFAD, in the presence of senior officials from both organizations.
The partnership establishes a framework for collaboration in selecting and financing sovereign projects within IFAD’s portfolio. It seeks to align financing efforts while coordinating evaluation and approval processes in accordance with each institution’s regulatory and operational policies.
