Multilateral Institutions Division

Contact Person(s)

ADB.I Section

All policy related issues in respect of ADB, Projects related to finance and urban sectors, Workshops/Conferences/Seminars organised by ADB, Regional Economic Technical Assistances (RETA), Capacity development programs of ADB, Annual General Meetings of ADB, Country Programming Missions, Private sector operations of ADB, Appointment/extension of Executive Director(India) & Advisors to ED, Visits of high level officers of ADB to India, etc.

Name and Designation of Officers:

ADB.II Section

• Matters relating to projects in Agriculture, Transport & Power sectors.
• Matters concerning South Asia Subregional Economic Cooperation (SASEC) program and SASEC working group meetings
• Regional Economic Technical Assistances (RETA) on different sectors
• TAs/PPTAs and Capacity Development Programme of ADB
• Sectoral Charges of Deptt of Space, Deptt of Atomic Energy, Ministry of Earth Sciences, Ministry of New & Renewable Energy Resources, Deptt of Science & Technology and Deptt of Bio-Technology

Name and Designation of Officers:

International Fund for Agricultural Development (IFAD)

(www.ifad.org )

International Fund for Agricultural Development (IFAD)

International Fund for Agricultural Development (IFAD) was set up in 1977 as the 13th specialized agency of the United Nations. 167 countries are members of the IFAD and these are grouped into three lists:

1. List - A: Developed Countries,
2. List - B: Oil Producing Countries and
3. List - C: Developing Countries.

List C is further subdivided into the following sub lists: C-I: comprising Africa, C-II: comprising Europe, Asia and the Pacific, and C-III: comprising Latin America and the Caribbean.

India is one of the founder member of the IFAD and a key contributor, being the highest contributor among the list C-II countries. India has been re-elected to the Executive Board of the IFAD for the period 2009-2012. IFAD is headed by an elected President and has Governing Council and an Executive Board.

IFAD funds are derived from member contributions (made in replenishment cycles), investment incomes and special funds. Since inception, India has contributed US$ 96.0 million towards the resources of IFAD. The following contribution has been made by India towards the resources of IFAD:

*India has pledged to contribute $ 30.0 million to IFAD in ninth replenishment

IFAD has assisted in 25 projects in the agriculture, rural development, tribal development, women's empowerment, natural resources' management and rural finance sector with the commitment of US$ 746.4 million (approx.). Out of these, 17 projects have already been closed. Presently, nine projects with a total assistance of US$362.75 million are under implementation.

The Country Strategic Opportunities Programme (COSOP) which has been approved by IFAD will cover two Performance-based Allocation System (PBAS) cycles, namely 2010-12 and 2013-15. IFAD funding available for the period 2010-12 will be of US$ 141 million, which is a significant increase from the US$ 122 million of the previous cycle. Assuming that IFAD's resources for the second PBAS's cycle will remain constant, IFAD will process, during the COSOP period, four project proposals for an average lending size of USD 70 million or more. The Integrated Livelihoods support project, Uttarakhand for an assistance of US $90 million has been signed with IFAD on 1st Febuary,2012.

IFAD loans are repayable over a period of 40 years including a grace period of ten years and carry no interest charges. However, a service charge at the rate of three-fourths of one per cent (0.75%) per annum is levied on loan amounts outstanding.

For further details on IFAD operations & procedures and IFAD funding in India since the start are available on the IFAD's website - http://www.ifad.org