By Phil Harris
ROME (IDN) – The Rome-based International Fund for Agricultural Development (IFAD) has elected its second president from sub-Saharan Africa, after incumbent Kanayo F. Nwanze from Nigeria.
At the just concluded meeting of the body’s Governing Council (February 14-15), Gilbert Fossoun Houngbo from Togo, a former Prime Minister of his country, was appointed the Fund’s sixth President and will take office on April 1.
Houngbo was one of eight candidates, including three women, competing for the top leadership position in the specialised United Nations agency, which is also an international financial institution that invests in eradicating rural poverty in developing countries around the world.