The United Arab Emirates has reinforced its commitment to sustainable agriculture, food security, and climate resilience through a strategic partnership between the Abu Dhabi Fund for Development (ADFD) and the International Fund for Agricultural Development (IFAD). This agreement, signed at the World Government Summit, formalizes cooperation to enhance co-financing mechanisms and support the sustainability of agricultural projects globally.
The partnership establishes a framework for joint selection and financing of sovereign projects within IFAD’s portfolio. It aims to align financing efforts, coordinate evaluation and approval processes, and ensure compliance with the regulatory frameworks and operational policies of both institutions. This coordinated approach is designed to maximize resource efficiency and amplify the developmental impact of funded projects.
His Excellency Mohammed Saif Al Suwaidi emphasized that the agreement reflects the UAE’s vision to build strong collaborations with leading international financial institutions. The partnership will focus on developing sustainable agricultural projects that strengthen agricultural value chains, improve rural livelihoods, and enhance communities’ capacity to adapt to climatic and economic changes.
Mr. Alvaro Lario highlighted that the collaboration creates an advanced model for coordinated investment, mobilizing resources and expertise to promote economic growth, strengthen food security, and build climate resilience in rural communities.
This partnership marks a significant milestone in the long-standing relationship between ADFD and IFAD, paving the way for joint action, capacity building, and integrated project implementation. It establishes a strong foundation for supporting rural communities’ sustainable growth and long-term development.
