Italy

IFAD Asset Request Portlet

Country

Italy

1977

Year

A

List

US$ 667.79 million

Core Contribution

US$ 3.87 million

Complementary Contribution

US$ 79.02 million

Supplementary Contribution

Italy and IFAD share a commitment to a world where people have access to safe, nutritious and sufficient food. Italy is IFAD’s host country and top donor. It also plays a key leadership role in strengthening IFAD’s financial architecture and enterprise risk management, and in affirming the Fund as the primary global vehicle for investments in smallholder agriculture.

Italy welcomes over 660 staff from IFAD’s 177 Member States, 28.3 per cent of whom are Italian.

Since 2002, through an additional US$71.3 million in supplementary funds, Italy has also supported the mainstreaming of innovations in IFAD’s investments. Every dollar Italy provides to IFAD’s core contributions mobilizes an additional US$8.4, focused exclusively on poverty reduction in rural areas, where 80 per cent of the world’s poorest people live.

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IFAD substantially strengthens its investments in Somalia to help small-scale producers cope with climate shocks and food insecurity

February 2023 - NEWS

As Somalia continues to experience a historic drought, pushing millions of Somalians into acute food insecurity, Alvaro Lario, President IFAD announced today during IFAD’s 46th session of the Governing Council that it will substantially strengthen its support to Somalia and resume its direct investments after loan arrears resulted in a three-decade long suspension.