New report ranks IFAD first in global development aid
Summary
The report by CGD measures and compares the indicators that matter most to development effectiveness and impact.
The International Fund for Agricultural Development (IFAD), an agency of the United Nations, has been ranked as number one by the well regarded and influential Quality of Official Development Assistance Report. The report produced by Washington, D.C.-based Centre for Global Development (CGD), evaluated the capacity of 49 countries and multilateral agencies to deliver impactful long-term assistance to countries in need.
The annual report measures and compares the indicators that matter most to development effectiveness and impact.
“IFAD’s high ranking is a testament to the importance we place on ensuring that every dollar spent has a long-term impact on tackling the hunger and poverty experienced by the world’s most vulnerable people,” said Gilbert F. Houngbo, President of IFAD. “It also highlights the transparency of our funding model, the alignment of our work with countries’ own development priorities, and the importance we attach to evaluating our work.”
African Development Fund, the concessional financing window of the African Development Bank Group and World Bank’s International Development Association took second and third place, respectively, in the rankings.
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