By Johannes F. Linn, External Chair, IFAD11 Replenishment Consultation
IFAD commemorates its 40 th birthday next year. Since approving the Fund's first projects in 1978, IFAD’s members have assembled periodically to review its operations, provide guidance for the future, and replenish the financial resources of the Fund, which it in turn uses to support agricultural and rural development in its developing member countries. The replenishment consultation process lasts about a year and involves four meetings of some 50 government delegates. Currently the 11 th IFAD replenishment consultation is under way and is expected to conclude with the last consultation session in December 2017 and the subsequent approval at the meeting of IFAD’s Governing Council in February 2018.
So why does the 11 th Replenishment (IFAD11) matter?
At the most fundamental level, it matters because the world has a serious, persistent problem of poverty and hunger. The 2030 Agenda and...