Angola attends IFAD’s 40th session in Rome

In this session, the new President of this United Nations agency will be elected from a total of eight candidates. The African continent presented two candidates from Togo and Morocco, Latin America equal number (Mexico and Dominican Republic), Asia (Indonesia and Turkey) and Europe also presented two (Italy and Switzerland).

The President of IFAD is elected by the Board of Governors of the Organization for a term of four years with a two-term limit.

The current President of IFAD is the Nigerian Kanayo F. Nwanze, whose second term ends on 31 March 2017. His successor will take office as from 1 April.

The IFAD Council, composed of all Member States, is the Fund’s main administrative body with full decision-making powers and meets annually.

Source: Angola Press News Agency