Partnering with Foundations
Philanthropic foundations around the world collaborate with IFAD because of our global reach with rural development projects in almost 100 countries worldwide. Through these partnerships, foundations capitalize on IFAD's relations with governments and the close alignment of our strategies to national and local priorities. The flexibility of foundation support helps us explore new ideas and innovative development approaches, which can eventually be scaled up through the IFAD project portfolio. IFAD is actively focused on building new partnerships with foundations and philanthropists who share a commitment to fighting poverty and hunger and building more equitable and prosperous rural communities.
Some key partnerships:
Additional new partners include the Cooperation Council for the Arab States of the Gulf to share knowledge and build collaboration on natural resource management and other environmental issues; theEuropean Bank for Reconstruction and Development (EBRD) to pursue innovative financing mechanisms, including with the private sector; and the Export-Import Bank of Korea to collaborate on country-level investments, national capacity strengthening, policy dialogue and knowledge management.
Other examples of IFAD's innovative financing initiatives include the EUR 300 million Spanish Food Security Cofinancing Facility Trust Fund, and a Joint Programme with the Belgium Fund for Food Security.