EU Status in IFAD
Because of its specific status of "observer", the EU does not attend neither the meetings of the Executive Board (three times per year) nor the so-called replenishment meetings, but is invited to the yearly meeting of the Governing Council. Despite this "limited" status, the EU-IFAD cooperation has been growing sharply to reach a solid financial and political partnership.
EU partnership with IFAD
In September 2004, a Financial and Administrative Framework Agreement (FAFA) was signed by IFAD and the EU. This agreement allows the two institutions to lower transaction costs for joint projects, access more long-term funding and identify more areas for collaboration.
The rationale for EU-IFAD cooperation is based both on the added value which IFAD can offer, and the similarity of our approaches towards sustainable rural development. IFAD is present in the field, strengthening technical and institutional capacity in a number of areas of particular interest to the EU, including food security, sustainable rural development, poverty eradication, environment, gender and the dialogue with civil society and works closely on these issues with rural communities at grass roots level.
Signature of the Memorandum of Understanding
The EU and IFAD signed, on 4 October 2012, a Memorandum of Understanding to further strengthen cooperation and to join resources to scaling up respective support to food and nutrition security and agriculture and increase respective impact in these fields. The aim of this enhanced partnership is to jointly address challenges in sustainable agriculture and food and nutrition security in order to reduce poverty in rural communities in developing countries. Cooperation focuses on developing technologies for sustainable agricultural intensification by increasing production by using resources more efficiently, promoting innovative rural financing mechanisms, like private-public funding facilities, that primarily benefit smallholders, providing assistance for small farmers to adapt to climate change, and securing equitable access to land.
Memorandum of Understanding [295 KB]
EU financial support
Since 1978, the EU co-finances numerous IFAD rural development projects in Africa, Latin America and the Caribbean and Eastern Europe, with a contribution of almost €800 millions since 2007.
Concluding a round of intensive high-level discussions and meetings throughout 2007, a Contribution Agreement was signed in 2008 to channel, through IFAD, EU financial support to the Consultative Group on International Agricultural Research centres (CGIAR centres). Since then, IFAD manages European Commission's funding to the CGIAR.Back to Work with IFAD