ANNUAL REPORT 2011 - IFAD

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Financing data and
resource mobilization
The tables and charts in this chapter give detailed
data for IFAD’s ongoing and cumulative portfolio.
Table 1 and related charts (1, 2 and 3) also give key
figures for 1978-2011.
Core resources and supplementary
funds in 2011
IFAD’s financing is drawn from several sources. This
includes our initial capital, investment income, loan
reflows, and contributions from Member States and
multilateral institutions. These contributions come
through regular replenishments, held every three
years, and in the form of supplementary funds.
Ninth Replenishment of IFAD’s
Resources (2013-2015)
The Consultation on the Ninth Replenishment of
IFAD’s Resources began in February 2011 after the
session of the Governing Council. During 2011,
IFAD’s Member States held four consultation sessions
on the Ninth Replenishment, during which priorities
for action and policy direction were agreed upon.
The Consultation agreed to a target of
US$1.5 billion in new contributions to finance
agriculture and rural development projects across the
developing world. This represents a 25 per cent
increase over IFAD’s Eighth Replenishment.
In addition to the new funds, Member States
mandated IFAD to find new sources of finance that
effectively share the development burden more
broadly, including raising investment from nonmembers
and others.
The injection of new funds from Member States is
a confirmation of our vital role in international
development architecture as an effective
organization delivering results in the area of food
and income security, especially for the poorest
people. Forty to fifty per cent of these resources will
be channelled to sub-Saharan Africa for
development projects.
Eighth Replenishment of IFAD’s
Resources (2010-2012)
The Eighth Replenishment of IFAD’s Resources is
ongoing and will continue until 31 December 2012.
By 31 December 2011, Member States had pledged a
total of US$1,056.0 million for the Eighth
Replenishment, 88 per cent of the replenishment
target. Instruments of contribution deposited
totalled US$784.0 million and actual payments
amounted to US$846.0 million (80 per cent of
pledges). At the same date for the Seventh
Replenishment, actual payments amounted to
US$434.0 million (68 per cent of pledges).
IFAD’s three-year US$3.0 billion programme of
work for the Eighth Replenishment period,
combined with cofinancing, is expected to result in
total investments in agricultural development,
poverty reduction and improved food security worth
US$7.5 billion.
Supplementary funds
Supplementary funds are resources provided to IFAD
in addition to regular replenishment contributions10 to support specific initiatives, as indicated in the
relevant agreement between IFAD and the donors.
During 2011, major agreements were reached with
various partners, including the European
Commission, the International Bank for
Reconstruction and Development (World Bank-
IBRD), and the governments of Denmark and
Finland. The European Commission committed to
supporting the work of the CGIAR Consortium (see
page 44), the Economic Opportunities Programme
10 The main resources of IFAD are those as defined in Article 4 of the Agreement Establishing IFAD. Supplementary
funds are other contributions accepted to supplement these resources to enhance IFAD’s operations and to build
strategic linkages and partnerships with members. The supplementary funds referred to in this section finance specific
programmes or activities and include resources that flow through IFAD to cofinance IFAD loan-supported programmes
and projects. They do not include Associate Professional Officer resources or funds that IFAD administers on behalf of
partner organizations hosted on our premises (Global Mechanism and International Land Coalition) or the Global
Environment Facility.