IFAD 52d ago

IFAD works with remote communities who are living and farming far from markets and economic opportunities. Nowhere are small-scale farmers quite as isolated as in the island countries of the Pacific Ocean. Since 2015, IFAD-supported projects reached 370,000 rural people—14% of the population—driving sustainable food system transformation. IFAD's Pacific portfolio has since grown from five to thirteen member states, with a dedicated office in Fiji, opened in 2023. IFAD offers a number of concessional instruments: grants and international co-finance represent over 78 per cent of IFAD's portfolio in the region, while domestic co-finance makes up an additional 14 per cent. The remaining 9 per cent is comprised of loans offered at highly concessional rates. Moreover, IFAD leverages a network of partners to catalyze additional funding for the region without adding to debt burdens. All new projects include built-in disaster resilience, allowing quick fund reallocation during crises. Thanks to RESOP, our strategic regional approach to project design and coordination, we reduce costs, increase impact on the ground, and provide essential opportunities for long-term economic sustainability. For more than four decades, IFAD has been financing initiatives in the Pacific Small Island Developing States, assisting communities in promoting resilience and improving livelihoods and food security. Strategic partnerships, strong local leadership, and innovative financing mechanisms unlock the region's untapped potential, demonstrating that tailored approaches can create healthier, wealthier, and more resilient rural livelihoods. The International Fund for Agricultural Development (IFAD) is the only international financial institution exclusively focused on transforming rural economies. IFAD invests in rural people and their communities, building food security, shared prosperity and stability. Today, IFAD and its partners have nearly US$23 billion invested in ongoing projects that are transforming rural economies.