Agriculture / WORLD

IFAD and IsDB target up to $750 million in agrifood co-financing

The agreement announced on October 14 sets a resource-mobilization target, rather than reporting disbursements.

The source does not state the event date; the period shown is the source review period.

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The International Fund for Agricultural Development (IFAD) and the Islamic Development Bank (IsDB) aim to mobilize up to US$750 million in co-financing for food systems and rural transformation under an agreement announced on October 14. The amount was not presented as money disbursed to particular countries or a total of approved projects.

The institutions are developing a joint action plan to turn the target into investments. Cooperation will cover agricultural value chains, market and water access, rural finance, climate adaptation and sustainable natural-resource management, with private-sector operations and rural small and medium-sized enterprises also in scope.

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IFAD and IsDB target up to $750 million in agrifood co-financing

The agreement announced on October 14 sets a resource-mobilization target, rather than reporting disbursements.

750000000
Methodology

US$750 million is the upper bound of the announced co-financing target, not a country allocation or observed payment.

Updated:

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Taxonomy version: IPTC Media Topics 2026-Q2

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