Q. Which of the following statement is NOT correct about International Fund for Agricultural Development?

[A] It is an international financial institution and specialized UN agency based in Vienna, Austria.

[B] It was setup after u201cThe World Food Conference 1974u201d which was organized in response to the food crises of 1970s in Sahelian Countries of Africa.

[C] It is dedicated to eradicating poverty and hunger in rural areas of developing countries.

[D] It provides low-interest loans and grants to developing countries to finance innovative agricultural and rural development programmes and projects.

Answer: A
Notes:

Explanation: International Fund for Agricultural Development is an international financial institution and specialized UN agency based in Rome, the UN’s food and agriculture hub.

  • It was setup after “The World Food Conference 1974” which was organized in response to the food crises of 1970s in Sahelian Countries of Africa.
  • IFAD is dedicated to eradicating poverty and hunger in rural areas of developing countries.
  • It provides low-interest loans and grants to developing countries to finance innovative agricultural and rural development programmes and projects.

Source: FORUMIAS