In Brief

In 2016, around 200 million migrants worldwide sent home an estimated US$ 445 billion to their families in developing countries. These remittances provide for basic necessities such as food, clothing and shelter that are essential to lifting millions of people out of poverty. The truly transformative potential of these funds, however, lies in their investment in education, healthcare and asset building. To meet these needs, the us$36 million multi-donor Financing Facility for Remittances (FFR) has been working since 2006 with the goal of increasing the development impact of remittances and enabling poor households to advance on the road to financial independence and rural transformation. The FFR is administered by IFAD, a specialized agency of the United Nations with the mandate to invest in rural people to eradicate poverty in developing countries.

The origins of the International Fund for Agricultural Development (IFAD) stretch back to the food crisis of the early 1970s, which sparked the World Food Conference of 1974. Three years later, with support from donors, including Japan, IFAD was created as both a specialized agency of the United Nations and an international financial institution. 

Since 1978, IFAD has empowered about 453 million people to grow more food, manage their land and other natural resources more productively, learn new skills, start businesses, build strong organizations and gain a voice in the decisions that affect their lives. 

The objective of development is not to create wealth for its own sake, or the benefit of a few, but rather to build better societies to achieve broad inclusiveness. Preparing the ground for people to succeed – and to survive, if disaster strikes – requires foresight and investment, both public and private.

Brochure that describes the Why, the Who, the Where and the How the the Diaspora Investment in Agriculture (DIA) initiative will seek to foster job growth in local communities, contribute to poverty alleviation and reduce the need to migrate.

Report to the sixth global meeting of the Farmers’ Forum in conjunction with the thirty-ninth session of IFAD’s Governing Council.

This report proceeds from the Global Forum on Remittances and Development held in Milan, Italy in 2015.

This joint evaluation synthesis report (JES) has been prepared by FAO and IFAD Evaluation Offices (OED  and IOE) within the framework of ‘Statement Intent’ of 2 April 2013 for strengthening collaboration across the two  Rome-based agencies.