The second report on IFAD’s impact on small-sscale farmers via the rural development projects financed by the proceeds of the 2022 and 2023 sustainability bonds is published.
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Since 2022, IFAD has issued 8 sustainability bonds worth US$644 million to fund projects. The projects funded through these are expected to help small-scale farmers increase their production, access markets and improve their nutrition and diet diversity. They are also expected to lead to the creation of jobs, construction and rehabilitation of water infrastructure and the dissemination of climate-resilient practices in the rural areas of developing countries.
The report finds that IFAD’s sustainability bonds directly contributed to achieving 10 Sustainable Development Goals (SDGs) and 16 SDG targets in 2022 and 2023, and indirectly contributed to 16 SDGs and 58 SDG targets. IFAD extended the reach of its projects from two regions in 2022 to five in 2023: Latin America and the Caribbean, Asia and the Pacific, Near East, North Africa and Europe, West and Central Africa, and East and Southern Africa.
The report highlights the value of partnering with those who share IFAD’s conviction about the importance of the Sustainable Development Goals and to make a difference by mobilizing much‑needed resources to make the SDGs a reality.
