Eradicating poverty and hunger is not merely a matter of increasing aid. Donors and their beneficiaries alike want aid to be as effective as possible.
It is the objective of FAO's Investment Centre to achieve increased and more effective investment in agriculture and rural development. Because we collaborate with a variety of entities active in promoting international aid – countries, donors, international financial institutions and other organizations – we are in a strong position to help make that assistance more productive for the lives of the rural poor.
FAO, through the Investment Centre, is a founding member of the Global Donor Platform for Rural Development (GDPRD), which helps donors develop common aid policies and harmonize their efforts. The Investment Centre principle advisor co-chaired the GDPRD with Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) until 2007, and served as the GDPRD’s general secretariat until early 2008. The Investment Centre continues to play a key role in the Platform.
In its own work, the Investment Centre creates investment programmes that are in accord with the Paris Declaration on Aid Effectiveness (2005) and the Accra Agenda for Action (2008). We strengthen management of international aid in the context of medium-term expenditure frameworks, public expenditure reviews and other means. We strive to improve the design of concrete investment operations and create opportunities to increase national expertise in every step of the investment process, making countries more self-sufficient. The Investment Centre provides monitoring and evaluation of programmes and projects to maximize their impact on poverty reduction and food security. Together with the GDPRD, the World Bank, and FAO’s Economic and Social Development Department, the Investment Centre offers a sourcebook of indicators for monitoring and evaluating investments to agriculture.