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.
ADFD & IFAD: Coordinated Financing for Rural Development
Under the agreement, ADFD and IFAD will coordinate resource allocation to enhance efficiency and maximize developmental impact. The collaboration focuses on strengthening agricultural value chains, improving rural livelihoods, and increasing communities’ capacity to adapt to climatic and economic challenges.
“This agreement with the International Fund for Agricultural Development reflects our ambitious vision to build strong partnerships with leading international financial institutions,” said His Excellency Mohammed Saif Al Suwaidi. “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. Alvaro Lario added, “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.”
Focus on Food Security and Climate Resilience
The agreement aims to reinforce the United Arab Emirates’ broader commitment to strengthening international partnerships in support of sustainable agriculture, food security, and climate resilience.
ADFD and IFAD stated that the collaboration represents a new phase of joint action, capacity building, and institutional coordination aimed at supporting long-term rural development and economic stability.
