China contributes US$10 million to scale up South-South and Triangular Cooperation with IFAD

The China-SSTC Facility was established in 2018 with a US$10 million initial contribution from China. The Facility has effectively leveraged knowledge, technologies, and resources from the Global South to accelerate rural poverty alleviation, enhance productivity, and drive rural transformation. 

“China’s generous contribution to this facility is a powerful example of how developing countries can work together to share knowledge, resources, and expertise to accelerate rural poverty alleviation and empower small-scale farmers,” said Alvaro Lario, President, IFAD. 

“It is a strong vote of confidence in IFAD’s work and speaks to a strong and evolving partnership focused on fostering thriving, productive rural communities everywhere,” he added.

As of June 2024, the Facility has supported 20 SSTC projects across 38 countries in Africa, Asia and the Pacific, and Latin America and the Caribbean, directly benefiting over 44,000 people and indirectly impacting more than 70,000.

As the first facility dedicated to SSTC within IFAD, with the new funding, the China-IFAD SSTC Facility will continue to lead efforts in promoting SSTC by fostering cooperation in key areas such as knowledge exchange, policy engagement, technical cooperation, investment, and trade promotion through smart and impactful grants, to improve the rural livelihoods and transforming the agri-food systems in the Global South, in order to achieve the Sustainable Development Goals, particularly goals 1 and 2, which aim to eliminate poverty and hunger by 2030.

Media contact:

Yamini Lohia| Regional Communications Officer, Asia Pacific | y.lohia@ifad.org | +91-9811109907

Alex Shen | Communications Consultant, China | j.shen@ifad.org | +86-14705193323

Press release no. IFAD/54/2024

IFAD is an international financial institution and a United Nations specialized agency. Based in Rome – the United Nations food and agriculture hub – IFAD invests in rural people, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have provided more than US$24 billion in grants and low-interest loans to fund projects in developing countries.  

A wide range of photographs and broadcast-quality video content of IFAD’s work in rural communities are available for download from our Image Bank.