Aside the new funds for the Ninth
Replenishment Funds (IFAD9), Member States of the International Food for Agricultural
Development (IFAD) have urged the organisation to find new sources of funding.
The new sources, according to the
communiqué from the IFAD9 is expected to effectively share the development
burden more broadly, including raising investment from non-members and others.
At the meeting conducted for the Consultations on the Ninth
Replenishment of the Fund's resources (IFAD) in Rome, member states also recognized
IFAD's commitments and works.
They further commended its work in delivering value for money and
making unprecedented efforts to overcome the effects of widespread budgetary
difficulties to ensure the funds has sufficient resources for its purpose to
poor rural people worldwide.
NaijaAgroNet gathered that
though some countries donated more than the amounts contributed at previous
IFAD replenishments, IFAD9 is the highest percentage increase of contributions
of any international financial institution in the current round of replenishment
as some countries included in the United Nations (UN) list of ‘least developed
countries’ has not been participating in previous replenishments has also
announced their contributions.
The
Governing Council of IFAD will receive the Report and Resolution of the
Consultation for adoption in February 2012.
'Yinka Awosanya
... Linking agrobiz, people & technology
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