Innovation at IFAD
Globalization, climate change, environmental degradation, migrations, the spread of communicable diseases and conflict are just some examples of evolving challenges and opportunities confronting rural poor women and men. Development practitioners constantly face new challenges and many good practices may quickly become obsolete. Making a positive and lasting impact on rural poverty requires the capacity both to implement tried and tested practices and to respond to new challenges and opportunities as they emerge. In other words, it requires the ability to innovate.
The complexity and diversity of rural poverty call for new, better solutions. Despite global progress towards the SDGs, many countries and regions are lagging behind, and social and economic inequalities are growing almost everywhere. This situation calls for new approaches to eradicating rural poverty and a better understanding of its challenges as seen by the rural poor.
Achieving one’s goals better
IFAD defines innovation as a new process, product or approach that adds value and delivers a sustainable, equitable, inclusive and/or new contextual solution to rural development challenges.
For IFAD, the most important innovations are those that impact rural poor people directly. IFAD aims to catalyse the generation, testing and scaling up of solutions that have the potential to contribute to deliver equitable, better and greater impact for the rural poor by leveraging on learning, strategic partnerships, digitalization and the implementation of suitable tools and guidelines.