US$ 150.84 million
US$ 0 million
US$ 46.24 million
Denmark and IFAD share a long-standing partnership focused on fighting poverty through inclusive, sustainable growth and development. Both prioritize agriculture and the food sector as drivers of inclusive growth and promote sustainable livelihoods for rural women, men and young people. In 2008, the President of IFAD received the Millennium Development Goal gender torch from the Danish Minister for Development Cooperation, Ulla Tørnæs, reinforcing IFAD’s long-standing commitment to gender equality and women’s empowerment.
Denmark has been one of IFAD’s top 15 partners since the Fund was established and a key partner in efforts to maximize the impact of IFAD’s work. It has been actively engaged in governance of the Fund, including by ensuring that IFAD’s investments prioritize women’s equal access to, and benefit from, productive assets, services, markets and employment. Since 2008, inclusive and sustainable development of small and medium-sized enterprises has become a strategic pillar of IFAD and Denmark’s collaboration on the cofinancing of IFADsupported projects in Armenia, Georgia and the Republic of Moldova, with a specific focus on youth employment and financing entrepreneurship.
IFAD is recognized as the primary global vehicle for investments in smallholder agriculture that build partnerships and mobilize resources to enable rural people to produce more and better food, start businesses, sustainably manage natural resources and participate actively in the decisions that affect their lives. Because it works exclusively in rural areas, where 80 per cent of the poorest people live, IFAD has a key role to play in the 2030 Agenda, particularly in Sustainable Development Goals 1 and 2: ending poverty and hunger by 2030.
IFAD leverages the core resources it receives, and every dollar that Denmark invests in the Fund delivers a pro-poor total investment equivalent to 4 dollars. IFAD has 40 country offices across the developing world and is headquartered in Rome, Italy, the UN’s food and agriculture hub.