The 2024 edition of the report The State of Food Security and Nutrition in the World (SOFI) revealed that
between 713 million and 757 million people may be facing hunger – 1 out of every 11 people in the world. This is about 152 million more people than in 2019.
The report cites climate extremes as one of the most common causes of vulnerability to hunger. And it calls for more financing to enable smallscale farmers to boost their resilience, and to create jobs in rural areas, in order to lift millions of people out of poverty and hunger.
The year 2024 marked the end of the Twelfth Replenishment of IFAD’s Resources (IFAD12) project cycle (2022–2024). By the end of 2024, IFAD had delivered US$3.336 billion in funding for new projects – 99.5 per cent of the IFAD12 target of US$3.354 billion.
These new investments respond to a challenging global context, one in which progress towards eliminating hunger has stalled.
At IFAD, 84 per cent of projects approved during the IFAD12 cycle are strengthening rural people’s ability to adapt to climate change. This number is rising: 94 per cent of projects approved in 2024 aim to build climate adaptive capacity in rural communities. In total, IFAD approved around US$802 million in climate finance in 2024, of which 88 per cent is specifically dedicated to climate adaptation.
Ongoing IFAD-supported projects have created 194,710 jobs for rural people according to data released in 2024. But we know we need to continue to go even further, to reach more rural people, create more jobs and strengthen more livelihoods. At the end of 2023, ongoing IFAD-supported projects had reached
95.6 million people, an increase from 85.7 million in 2022.
IFAD has committed to improving the lives of at least 100 million rural people during the Thirteenth Replenishment of IFAD’s Resources (IFAD13) cycle (2025–2027).
