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European Union
The European Union is a unique economic and political union of 27 European countries that together cover much of the continent. The EU and its member states account for more than half of all ODA.
Since 2006, the European Union, through the European Commission (EC), has collaborated with IFAD in financing a series of thematic and country programmes. This relatively recent partnership has grown in multiple and interesting directions, both in terms of funds invested, and the spread of programmes that benefit from that investment.
The partnership is set with the framework of the Financial and Administrative Framework Agreement (FAFA) signed by the European Commission and IFAD in September 2004. Since then the EU has provided more than EUR500 million in financing to IFAD. A relationship of trust, rigour and shared vision has evolved.
Through our partnership, we aim to test new ground in the development arena, and expand into innovative, often cutting edge areas that have the potential to change the future of development.
Over the last seven years, IFAD and the EU have joined forces in emerging areas of mutual and strategic interest: pro-poor agricultural research, remittances for development, support to farmer organization networks, public-private sector partnerships and agricultural risk management.
Working together, IFAD and EU are driving innovation in these areas, and have developed new approaches which are now recognised as critical to achieving the Sustainable Development Goals.
Spotlight
Asset Publisher
Before and during COVID-19, an e-voucher initiative makes a difference for Kenyan farmers
IFAD welcomes the European Union’s commitment to a new impact fund targeting small agribusinesses across emerging markets
Related news
Asset Publisher
The EU and IFAD join forces to support resilient and sustainable food systems
Jutta Urpilainen, European Commissioner for International Partnerships, and Alvaro Lario, President of IFAD, signed two agreements today for a total of €70.7 million.
Senegal: IFAD partners with private sector to unleash financial inclusion in rural areas
IFAD has developed two new public-private partnerships to enhance access to cheaper, faster and safer remittances, the hard-earned money sent home by migrant workers. New partnerships aim to increase access to digital and financial services and products across rural areas of Senegal.
European Union and IFAD to support Ethiopian rural financial institutions, jobs and livelihoods in the face of the COVID-19
The International Fund for Agricultural Development (IFAD) and the European Union (EU) will provide EUR26.5 million worth of liquidity and debt relief to rural financial institutions to protect jobs and safeguard livelihoods during the COVID-19 pandemic.
Related publications
Asset Publisher
IFAD and the European Union: Partnering to transform rural realities
This report looks at how the EU and IFAD have leveraged the partnership to develop new approaches that scale up actions to drive innovation in public-private sector partnerships, financing models, and pro-poor agricultural research, as well as supporting farmers’ networks.
AR4D-PRUNSAR 2019 Consolidated Report
The Putting Research into Use for Nutrition, Sustainable Agriculture and Resilience (PRUNSAR) programme is currently one of the most significant ongoing AR4D programmes. It has a budget of almost US$40 million, mainly from the European Union, of which US$8 million is a contribution from IFAD.