IFAD and Thailand sign agreement for new regional office in Bangkok
IFAD and the Royal Government of Thailand signed an agreement to establish IFAD’s first-ever Asia and the Pacific regional office in Bangkok.
Hanoi, 17 December 2018 - The world-renowned violinist and UN Messenger of Peace, Midori, will travel to rural Viet Nam this week to meet with and perform for villagers in a remote and poverty-stricken community where projects supported by the International Fund for Agricultural Development (IFAD) have been working to improve conditions.
As part of her annual outreach tour, Midori and three young musicians will visit ethnic minority communities in Tuyen Quang province and perform for local audiences. While there, Midori will also meet with rural women to learn more about the challenges they face, which include extreme poverty, food insecurity and malnutrition, and the impact the IFAD-supported project has had on their lives.
IFAD, together with the Government of Viet Nam, has recently completed the Agriculture, Farmers and Rural Areas Support Project in the Tuyen Quang, Ninh, Thuan and Gia Lai Provinces.
The goal of the project was to improve overall quality of life by increasing household incomes, food security and nutrition levels. This was done by facilitating local participation in suitable on-farm and off-farm economic activities, as well as by increasing smallholder producers’ access to markets and private agribusiness investors.
Households that participated in the improved commercialization of agricultural production, otherwise known as “value chains,” increased their incomes by more than 25 per cent by the end of the project.
Private investment in agribusiness in the project areas increased by 47 per cent in Tuyen Quang, 123 per cent in Ninh Thuan and 49 per cent in Gia Lai, all exceeding the original 25 per cent target.
By improving household incomes and increasing food production, the chronic malnutrition rate in children decreased by 12 per cent in Tuyen Quang, 18 per cent in Gia Lai and 28 per cent in Ninh Thuan, exceeding the original 10 per cent target.
In addition, the proportion of rural households suffering from food shortages was reduced by 25 per cent in Tuyen Quang, 47 per cent in Gia Lai and 96 per cent in Ninh Thuan, exceeding the original 20 per cent target.
In total, 696,801 rural people (73,800 households) benefited from the project which was carried out in 117 poor communities between 2001 and 2016. Of these, 260,834 were women, 446,964 were ethnic minorities and 249,837 were part of Viet Nam's Kinh ethnic majority.
The project, which cost US$60.9 million, was financed by an IFAD loan ($46.1 million) the Government of Viet Nam ($9.8 million) and the beneficiaries themselves ($5 million).
Since 1993, IFAD has financed 15 rural development projects in Viet Nam, for a total cost of $565.4 million, with an IFAD investment of $377.5 million. These projects have directly benefitted more than 748,470 rural households.
Read more on IFAD’s work in Viet Nam.
MA No.: IFAD/16/2018
IFAD has invested in rural people for 40 years, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have provided about US$20.4 billion in grants and low-interest loans to projects that have reached some 480 million people. IFAD is an international financial institution and a specialized United Nations agency based in Rome – the UN’s food and agriculture hub.