Man holding a bag of dried fruits with his wife in a garden in Tajikistan

Corporate finance

IFAD's corporate finance function supports the integrity, transparency in reporting, control and accounting of IFAD's financial resources (2016 assets: US$ 8.2 billion) which ensures the continued confidence in IFAD by its stakeholders.

Corporate finance provides operational responsibility and real-time analytics with business intelligence tools (in contributions, disbursements, payments and assets, among others) which supports informed decision-making and alignment with IFAD's goals.

IFAD's statutory financial statements are prepared in accordance with leading-practice International Financial Reporting Standards (IFRS) which are audited annually by an independent External Auditor.

Financial reporting and controllership

Each year, IFAD delivers four sets of statutory financial statements prepared in accordance with International Financial Reporting Standards:

IFAD consolidated financial statements
International Land Coalition statements
Global Environment Facility Fund statements
Green Climate Fund statements

These are audited by an independent external auditor. We also deliver over 100 donor and financial reports to other stakeholders.

IFAD has a corporate finance and reporting qualification programme with the Chartered Institute of Public Finance and Accountancy. This aims to upskill finance and non-finance staff.

Financial reporting is done in accordance with our Internal Control Framework (ICF). Effectiveness is certified by a management assertion letter and supported by an external auditor's attestation. IFAD has a broader ICF to protect it from decentralisation risks, as well as a robust Delegation of Authority and Accountability Framework.

Anti-Financial Crime and Personal Data Privacy

IFAD has an Anti-Money Laundering and Countering the Financing of Terrorism Policy which is supported by a function that monitors compliance. IFAD also has personal data privacy guidelines that are aligned to leading international practice.

Data integrity and systems control

IFAD upholds strong data integrity and interface control between key corporate financial systems, such as our core banking system and operational systems, which provide support to IFAD headquarters and country offices.