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In Brief

The Republic of Korea and IFAD: working for food security and rural development
March 2017

The International Fund for Agricultural Development (IFAD) emerged from the food crisis of the early 1970s and the World Food Conference of 1974. With financial support from Korea and other development partners, IFAD was created as both a specialized agency of the United Nations and an international financial institution.

IFAD supports measures that help people in rural areas to overcome poverty and build better lives. Since its creation, FAD has helped about 464 million people to grow more food, better manage their land and other natural resources, learn new skills, start businesses, build strong organizations, and gain a voice in decisions that affect their lives.