The International Fund for Agricultural Development (IFAD) announced on February 17 local time that Gilbert Humbaugh was reappointed as the president of the International Fund for Agricultural Development at its annual meeting.
In the announcement, IFAD said that in response to the current global challenges facing the world, Hunts has successfully demonstrated the importance of long-term rural development to solve this problem, and member states expressed their high support and recognition for him.
During Hunts’s second term, IFAD will focus on technological solutions, innovative financing models and partnerships with private institutions to address the devastating impact of climate change, youth unemployment and the COVID-19 epidemic, and continue to work to address hunger and poverty.
The International Fund for Agricultural Development (IFAD) is a specialized agency of the United Nations headquartered in Rome, Italy.
Its purpose is to provide it to developing member countries on preferential terms through financing for the development of food production, the improvement of people’s nutritional level, and the gradual eradication of rural poverty.
As of October 2020, IFAD has a total of 173 member countries.
Gilbert Houngbo is a Togonian and has been the president of IFAD since 2017. He has been in office until 2021.