China-IFAD South-South and Triangular Cooperation Facility: Annual Progress Report 2020

The China-IFAD South-South and Triangular Cooperation (SSTC) Facility (the Facility) was established on 31 March 2018 with the signing of the Supplementary Funds Agreement (SFA) between the International Fund for Agricultural Development (IFAD) and the Ministry of Finance of the People’s Republic of China (MOF PRC) and the contribution of US$10 million in supplementary funds from the People’s Republic of China.

As the first Facility in IFAD dedicated to SSTC, it has become an integral part of IFAD’s holistic business model to promote sustainable and inclusive rural transformation, and with specific attention to poverty reduction, fighting malnutrition and promoting rural youth employment in developing countries.