ROME (Sputnik) — The source said Tuesday that Houngbo succeeded to be elected at the 40th session of the Governing Council of IFAD winning the competitors from the Dominican Republic, Indonesia, Italy, Morocco, Mexico, Turkey and Switzerland.
Houngbo is expected to assume office on April 1 after the second term of the incumbent President of IFAD Kanayo Nwanze ends, the IFAD's website added.
IFAD was established in 1977 following the 1974 World Food Conference, according to the fund's press service. The organization's goal is focused on enabling the rural poor in improving food security and nutrition and eradication of rural poverty.
