US$ 96.8 million
US$ 7.15 million
US$ 15.08 million
IFAD and Finland have a shared vision of a world without poverty and hunger. Our collaboration is characterized by mutual efforts to bring about inclusive rural transformation and ensure food security. The pillars of IFAD’s and Finland’s development efforts, as highlighted in Finland’s 2016 Development Policy, include increasing agricultural productivity through the sustainable use of natural resources; introducing innovative approaches and technologies for producing quality nutritious food; promoting gender equality; developing agrifood value chains with a strong focus on generating more jobs for rural women, men and young people; improving access to markets and financial services; and engaging the private sector.
Finland is one of the founders of the International Aid Transparency Initiative (IATI), with which IFAD complies by disclosing commitments and disbursements on a quarterly basis. As a member of the Multilateral Organization Performance Assessment Network (MOPAN), Finland has participated in two assessments of IFAD’s organizational effectiveness and performance, the outcomes of which were positive. It is also participating in a third assessment, the results of which will be issued in 2018. In 2015, the Finnish Ministry for Foreign Affairs referred to IFAD as an “international learning peer” for Finland, in particular with reference to the Fund’s advanced results-based approach.
IFAD focuses exclusively on poverty reduction in rural areas, where 80 per cent of the world’s poorest people live. The Fund’s investments help rural women and men produce more and better food and start businesses. They also help rural poor people participate actively in the decisions that affect their lives and sustainably manage natural resources, including through better governance, improved access to land and water for productive and domestic uses, and environmental services. IFAD’s work tackles the root causes of poverty and contributes directly to the 2030 Agenda and the Sustainable