Framework on IFAD Financing Conditions

Since the adoption of the Lending Policies and Criteria in December 1978 by IFAD’s Governing Council, IFAD has grown significantly and has seen various amendments to the Policies and Criteria for IFAD Financing. Given this evolution, it is now appropriate to have a separate Framework on Financing Conditions.

The Executive Board, which is mandated to set out detailed policies governing financing by IFAD, delegates its authority to determine financing conditions under this Framework on Financing Conditions to IFAD Management.

The application of this Framework is limited to sovereign public sector operations and does not apply to loans funded through IFAD’s non-sovereign private sector operations.