The effective implementation of the 2030 Agenda for Sustainable Development (Agenda 2030) – and the ultimate aim of achieving absolute targets such as Eradicating Poverty – will require innovation, new partnerships, knowledge-sharing and scaling up of proven approaches. As a traditional entry point to partnerships among developing countries, South-South and Triangular Cooperation (SSTC) is emerging in the international development scene as a tool for contribution to rural poverty reduction.
As a development institution, IFAD has been supporting the transfer and dissemination of southern-based development solutions in the rural sector. As part of its Strategic Framework 2016-2025, IFAD plans to strengthen its work in the area of SSTC, seeing it as an integral part of its business model and of its country programming process. During the IFAD10 period, the Fund will formalize its approach to SSTC and ensure that 50 per cent of all country strategies (RB-COSOPs) include an approach for SSTC. Through these commitments and by expanding the pool of solutions available to – and building on previous successes achieved by – developing countries, IFAD seeks to promote inclusive and sustainable approaches for transforming rural areas.