Replenishment

The International Fund for Agricultural Development was established in 1977 to mobilize resources for agricultural development. Since then, it has helped some 420 million rural women and men grow more food, better manage their land and other natural resources, learn new skills, start small businesses, build strong organizations and improve their lives.

The Agreement Establishing IFAD establishes that the availability of IFAD's resources is to be reviewed periodically by the Governing Council, in order to assure continuity in the Fund's operations. If the Governing Council, as a result of such a review, deems it necessary or desirable, it invites Members to make additional contributions to the resources of the Fund. This process is usually undertaken every three years, through a year-long consultation which has three objectives.  First, and foremost, it is the process by which IFAD mobilizes its core resources. Secondly, it is an exercise in accountability by which IFAD reports to its Member States on its strategy, reform, and performance.  Last, it provides an opportunity for feedback and strategic guidance from Member States.

At  the end of this the process concludes with a report outlining the commitments that IFAD has agreed to undertake, along with the pledges of contributions from Member States.  The report and a recommendation for its adoption is submitted to the Governing Council for its approval.