The Republic of Korea and IFAD remain committed to eradicating poverty and hunger, and to achieving the Sustainable Development Goals (SDGs). The Republic of Korea is one of the founding members of IFAD, and currently sits on the Fund’s Executive Board. It also participates in the Working Group on the Performance-Based Allocation System. A globally recognized, exemplary model of successful economic and social transformation, the Republic of Korea has become a major player and donor in the development arena and a key strategic partner of IFAD.

Over time, cooperation between the Republic of Korea and IFAD has deepened. The contribution of the Republic of Korea to IFAD’s resources has steadily grown. For the Eleventh Replenishment of IFAD’s Resources (IFAD11), the Republic of Korea contributed US$12 million – a 50 per cent increase on the Tenth Replenishment of IFAD’s Resources (IFAD10). Since 2012, the Republic of Korea has also provided US$5.4 million in supplementary funds to support small-scale farmers through information and communication technologies (ICTs).