Luanda – Angolan minister of Foreign Affairs Téte António received Tuesday in Luanda the credentials of the representative of the International Fund for Agricultural Development (IFAD) in Angola, Custódio Estevão Mucavele.
According to a press note from the Ministry of Foreign Affairs, sent to ANGOP, with this accreditation, Custódio Mucavele begins his duties as the highest representative of this UN agency, created in 1977 and headquartered in Rome, Italy.
IFAD’s mission is to enable poor rural populations in developing countries to overcome poverty, in addition to promoting the development of rural areas of the peoples of the world, with stress to the agricultural sector.
Since 1978, this fund has provided more than USD 23.2 billion in form of donations and low-interest loans for projects that have benefited an estimated 518 million people.
Its founding treaty was approved by the United Nations Conference for the Creation of an International Fund for Agricultural Development, on June 13, 1976, held in Rome.
The treaty establishing IFAD states that the objective of the Fund is to mobilise additional financial resources to be made available on concessional terms to promote agriculture in developing member states.
Source: Angola Press News Agency
