Consider the following statements regarding the International Fund for Agricultural Development (IFAD):
1. IFAD is the only global development organization exclusively focused on transforming agriculture, rural economies, and food systems.
2. It provides only country-specific grants for projects addressing rural poverty and hunger.
3. IFAD was established as a specialized United Nations agency in response to a global food crisis in the 1970s.
4. The headquarters of IFAD is located in Geneva, Switzerland.
Which of the statements given above is/are correct?
Explanation:
Statement 1 is correct as IFAD is dedicated exclusively to transforming agriculture, rural economies, and food systems.
Statement 2 is incorrect because IFAD provides both global or regional grants and country-specific grants.
Statement 3 is correct as it was established in response to a global food crisis in the 1970s.
Statement 4 is incorrect as the headquarters of IFAD is located in Rome, Italy, not Geneva.
Explanation:
Statement 1 is correct as IFAD is dedicated exclusively to transforming agriculture, rural economies, and food systems.
Statement 2 is incorrect because IFAD provides both global or regional grants and country-specific grants.
Statement 3 is correct as it was established in response to a global food crisis in the 1970s.
Statement 4 is incorrect as the headquarters of IFAD is located in Rome, Italy, not Geneva.