In China IFAD President Kanayo F. Nwanze will explore broader partnerships for rural poverty eradication

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In China IFAD President Kanayo F. Nwanze will explore broader partnerships for rural poverty eradication

Food security and South-South cooperation high on agenda

Rome - Beijing, 19 August 2013 - The President of the International Fund for Agricultural Development (IFAD), Kanayo F. Nwanze, will visit the People's Republic of China from 21 to 25 August 2013 to meet senior government officials. "China can be a role model for other developing countries in how to stimulate economic growth through rural development," Nwanze said prior to his departure for Beijing.

While in the capital, Nwanze will meet a number of government officials including Wang Yang, the newly appointed Vice Premier in charge of poverty reduction and rural works. He is also expected to hold meetings with Lou Jiwei, Minister of Finance, and Kong Linglong, Director General in charge of foreign investment and foreign capital utilization at the National Development and Reform Commission. Ongoing rural development projects supported by IFAD in China will be a prominent topic of discussion. They will explore the potential of a broader partnership framework between China and IFAD. Discussions will also include food security issues, the impact of climate change on smallholder farmers, and strategies for long-term investment in smallholder agriculture to reduce rural poverty.

Nwanze is scheduled to deliver a keynote address on 22 August at the fifth IFAD-China joint South-South cooperation workshop, whose theme will be "Investing in Pro-Poor Agribusiness for Rural Development and Poverty Reduction". The event will be attended by senior policy experts and opinion leaders from Africa, Asia and Latin America, and has been organized by China's Ministry of Finance and IFAD to promote partnerships for rural development and poverty reduction. Participants will have an opportunity to share their experiences of successful development policies and initiatives, and to examine the potential of pro-poor agribusiness investment.

"IFAD believes that creating economic opportunities for poor rural people to improve their businesses is an integral element of South-South cooperation, and one that can make a lasting impact on poverty eradication," said Nwanze.

Before leaving China, Nwanze will visit the IFAD-supported Hunan Agricultural and Rural Infrastructure Improvement Project. Cofinanced by the Government of China, the project seeks to increase incomes and improve food security by building community infrastructure and supporting sustainable agricultural development and marketing. The project will reach around 380,000 rural households in nearly 600 villages in Hunan Province with the highest incidence of poverty in the province.

Notes to editors

IFAD was one of the first international donors to invest in the development of rural China. Since 1981, it has extended loans for 26 rural development programmes and projects worth more than US$731.3 million, benefitting nearly 4 million rural households. Most of these programmes are located in mountainous and remote regions of West China that have large concentrations of poor people, including ethnic minorities. China is the second largest recipient of IFAD resources, after India.

Press release n°: IFAD/38/2013

The International Fund for Agricultural Development (IFAD) works with poor rural people to enable them to grow and sell more food, increase their incomes and determine the direction of their own lives. Since 1978, IFAD has invested about US$14.9 billion in grants and low-interest loans to developing countries through projects empowering over 410 million people to break out of poverty, thereby helping to create vibrant rural communities. IFAD is an international financial institution and a specialized UN agency based in Rome – the United Nations' food and agriculture hub. It is a unique partnership of 172 members from the Organization of the Petroleum Exporting Countries (OPEC), other developing countries and the Organisation for Economic Co-operation and Development (OECD).