ANNUAL REPORT 2011 - IFAD

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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 almost US$14 billion in grants and low-interest loans to developing countries through projects empowering about 400 million people to break out of poverty, thereby helping to create vibrant rural communities. IFAD is an international financial institution and a specialized UN agency based in Rome – the United Nations’ food and agriculture hub. It is a unique partnership of 168 members from the Organization of the Petroleum Exporting Countries (OPEC), other developing countries and the Organisation for Economic Co-operation and Development (OECD).* * As at time of press, June 2012
a, b IFAD at a glance, 1978-2011 TABLE 1 2007 2008 2009 2010 2011 1978-2011 Operational activities c,d Loan and DSF grant approvals Number of programmes and projects 34 29 32 33 34 892 Amount Grant approvals US$ million 520.3 552.2 662.4 794.2 947.2 12 865.8 Number 77 70 99 88 83 2 398 Amount Total IFAD loan and US$ million 35.7 40.7 47.0 51.2 50.4 799.9 grant operations US$ million 556.0 592.9 709.4 845.4 997.6 13 665.7 Cofinancing US$ million 424.4 305.0 312.0 677.2 412.2 9 183.0 Multilateral 398.3 198.0 284.2 566.6 213.2 7 203.1 Bilateral 17.3 13.3 24.6 81.5 159.4 1 500.3 NGO 1.0 3.5 0.7 10.4 - 41.4 Other e 7.8 90.2 2.5 18.6 39.6 438.2 Domestic contributions US$ million 274.0 282.7 364.2 934.0 832.4 11 671.6 Total programme and project cost f Programmes and projects Number of effective programmes US$ million 1 222.2 1 144.3 1 345.3 2 411.4 2 196.4 33 800.0 and projects under implementation 196 204 219 233 240 Number of programmes and projects completed 25 24 24 20 26 620 Number of programmes and projects in the pipeline Number of approved programmes 58 69 65 74 64 and projects initiated by IFAD Number of recipient countries/territories 28 26 26 28 32 731 (current portfolio) 85 88 91 96 97 Loan disbursements US$ million 399.1 433.8 428.5 457.6 549.7 8 216.9 Loan repayments g Membership and administration US$ million 175.1 186.4 201.0 274.1 287.5 2 809.8 Member States – at end of period 164 165 165 165 167 Professional staff – at end of period h,i 227 233 235 260 298 Sources: Project and Portfolio Management System, IFAD financial statements for 1978-2009, IFAD’s Accounting System. a IFAD loans and debt sustainability framework (DSF) grants for investment programmes and projects are denominated in special drawing rights (SDRs). For the reader’s convenience, tables and charts use figures shown in US$ equivalents, as per the President’s report for each programme or project approved by the Executive Board. Any discrepancy in totals is the result of rounding. b 1986-1995 figures include the Special Programme for Sub-Saharan African Countries Affected by Drought and Desertification. c Excludes fully cancelled programmes and projects. Excludes the Programme Development Financing Facility (PDFF). d The Smallholder Commercialization Programme approved in 2011 for Sierra Leone is supervised by IFAD and entirely funded by a grant from the Global Agriculture and Food Security Program (GAFSP). The programme is counted under the number of programmes and projects but has no IFAD financing. e Includes financing under basket or similar funding arrangements, financing from private-sector resources and financing that was not confirmed at the time of Executive Board approval. f Includes DSF grants and component grants, and excludes grants not related to investment projects. g Loan repayments relate to principal repayments and interest and include repayments on behalf of Heavily Indebted Poor Countries (HIPC) Debt Initiative countries. h Approved positions (excluding those of the President and Vice-President). i Includes National Officers in country offices.
Page 1: ANNUAL REPORT 2011 Enabling poor ru
Page 5 and 6: Table of contents President’s for
Page 7: Under the agreement reached at the
Page 11 and 12: fl Facing challenges - sharing solu
Page 13 and 14: export to Central Asia, Europe and
Page 15 and 16: Environment and Climate Division in
Page 17: Projects funded by it are helping t
Page 20 and 21: 16 Number of ongoing programmes and
Page 22 and 23: 18 Story from the field Sowing the
Page 24 and 25: 20 An IFAD grant to the Vu-Windeshe
Page 26 and 27: 22 Over the medium term (2011-2015)
Page 28 and 29: 24 urban poor people. We support tr
Page 30 and 31: 26 Asia and the Pacific 34 countrie
Page 32 and 33: 28 Story from the field A school on
Page 34 and 35: 30 we provided technical support fo
Page 36 and 37: 32 being of poor rural households a
Page 38 and 39: 34 America is another IFAD priority
Page 40 and 41: 36 Portfolio management highlights
Page 42 and 43: 38 received loans from the 166 savi
Page 45 and 46: fl Partnerships Partnerships have b
Page 47 and 48: uild the capacity of communities to
Page 49 and 50: Indigenous Peoples Assistance Facil
Page 51 and 52: strengthens coordination of partner
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SECTION 49
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complementary. Two workshops were h
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namely policy dialogue, partnership
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disclosed in accordance with the pr
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SECTION 57
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in Yemen, and the establishment of
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CHART 11 Cofinancing of IFAD-initia
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Financing by subsector IFAD’s inv
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Disbursements Disbursements of IFAD
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As part of efforts to mobilize reso
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CÔTE D’IVOIRE: Support to Agricu
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Loan amount: SDR 20.2 million (appr
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Loan amount: SDR 11.6 million (appr
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LAO PEOPLE’S DEMOCRATIC REPUBLIC:
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promoting technological innovation
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Loan amount: SDR 8.1 million (appro
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Farmers and poor rural people parti
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International Maize and Wheat Impro
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Table 12 Summary of grant financing
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Membership and representation As of
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Swaziland Tajikistan Togo Thailand
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CAMBODIA Chan Sarun - CAMEROON Clé
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IRAN (ISLAMIC REPUBLIC Mahmoud Bari
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PAKISTAN Nazar Muhammad Gondal (Jan
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TURKEY - Mehmet Mehdi Eker (April 2
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SAUDI ARABIA Bandar Bin Abdel Mohsi
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IFAD occasional papers No. 2: Resp
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Nwanze K.F., G. Thapa, and A. Seth.
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Consolidated financial statements F
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Appendix B Consolidated statement o
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Appendix B1 Consolidated statement
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Appendix D Notes to the consolidate
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Appendix D charges. An allowance is
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Appendix D Level 3: Financial asset
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Appendix D Table 1 Asset class and
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Appendix D Table 8 Alignment of ass
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Appendix D (b) Non-accrual status H
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Appendix D 31 December 876 527 The
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Appendix D NOTE 22 GRANT EXPENSES T
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Appendix D1 Statement of complement
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Appendix E Statement of IFAD-only r
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Appendix G Statement of contributio
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Appendix H Statement of loans 1. IF
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Appendix H Statement of loans 2. IF
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Appendix H Statement of loans 6. Sp
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Appendix H1 IFAD-only statement of
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Appendix I Summary of the Heavily I
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Appendix K IFAD-only statement of o
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International Fund for Agricultural
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ANNUAL REPORT 2011 - IFAD

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