المعرفة

The main objectives of IFAD’s operations in the country are to improve food security and family nutrition. Since 1980, IFAD has supported agricultural development by investing a total of US$64.3 million in seven programmes and projects to reduce poverty in the country’s rural areas.
Normally, Lesotho is not in a position to grow enough food to feed its growing population. 

Offsetting the effects on poor households of declining agricultural production, IFAD investments support the efforts of small-scale farmers to ensure food security for their families and improve their incomes. Increased productivity is a key to achieving these aims and to reducing poverty in rural areas. IFAD finances programmes and projects that encourage poor people’s participation in the planning and development of income-generating activities, including microenterprises.

In 2004 and 2005, IFAD underwent a comprehensive Independent External Evaluation (IEE). The evaluation was conducted to determine IFAD’s contribution to rural poverty reduction, examine the relevance of its mission and objectives, assess its corporate learning and performance, and make recommendations on policy directions and steps to improve IFAD’s performance. It was, at the time, probably the most ambitious exercise of its kind for a United Nations agency, breaking new ground in addressing institutional performance in terms of impact. 

The Investigation Section of the Office of Audit and Oversight (OA-IS) was set up in 2006 with a mandate to investigate alleged irregular practices, namely (i) fraud and corruption, when applied to entities, contractors and non-staff individuals applying for or participating in IFAD-financed activities, and (ii) staff misconduct. This was pursuant to the adoption by the Executive Board in December 2005 of the IFAD Policy on Preventing Fraud and Corruption in its Activities and Operations (EB 2005/85/R.5/Rev.1, paragraph 26). The establishment of a Sanctions Committee and the development of debarment procedures in February 2007 further bolstered the effectiveness of the IFAD investigative and sanctions process. These changes aligned IFAD with best practices applied by other United Nations agencies and the major multilateral development banks (MDBs) in this area. 

This report on remitance flows to developing and transition countries is based on a data research study commissioned by IFAD from Dr Manuel Orozco of the Inter-American Dialogue, in collaboration with the Multilateral Investment Fund of the Inter-American Development Bank.