IFAD is the only IFI with the specific mandate to eradicate poverty and hunger by investing in poor rural people through financial and technical assistance to agriculture and rural development projects in developing member states.
Thabo Lefatle owns and runs a small vegetable farm in Lesotho’s Mafeteng district, south of the capital Maseru. He is one of 55,000 smallholder farmers in Lesotho who applied for and won public grants.
Nearly 1 billion of the world’s 1.2 billion youth aged 15-24 reside in developing countries. Their numbers are growing far more rapidly in lower income countries than in higher income countries, particularly in rural areas.