A Memorandum of Understanding (MoU) was signed between the Centre on Integrated Rural Development for Asia and the Pacific (CIRDAP) and Supporting Funds of Investment Development in Agriculture (SFIDA) of IR Iran on 5th July, 2023 in a virtual ceremony. This online event was a part of the 44th celebration of the foundation day of CIRDAP (6th July). The cooperation between the two organizations are for sharing best knowledge and practices, capacity building, success stories in the field of farmer;s fund, credit and finance, village and cooperative funds, local and rural banks, policy dialogue and expert consultation workshops, expert database, and partnership with regional and international organizations. The MoU will be valid for 3 consecutive years from 5 July 2023 to 4 July 2026.

On behalf of CIRDAP the DG of CIRDAP, Dr. Cherdsak Virapat welcome all SFIDA executive members and extended his sincere heartfelt appreciation to the Chair and CEO of SFIDA Mr. Hossein Mahdidous t for his leadership and cooperation with CIRDAP in this matter. He said, “Let us celebrate together on our proposed joint cooperation and activities and on strengthening our relationship with commitment on our future collective actions which will ultimately improve the quality of life and economic development of rural communities in Asia and the Pacific region”.

Later, on behalf of SFIDA, the Chair and CEO of SFIDA Mr. Mahdidoust provided a speech by congratulating CIRDAP on the occasion of the 44th anniversary. He also thanked the DG of CIRDAP for showing interest to collaborate with SFIDA as part of his holistic programme of exchange the experiences among the CIRDAP Member countries. He believed that this MOU as a mean would facilitate the joint collaborations of the sharing good practices.

At the end of the ceremony both the head of the organizations signed the Memorandum of Understanding (MoU). This MoU is valid for three consecutive years with the objective of collaboration of sharing the good experiences with/from CIRDAP member countries. There are six areas of cooperation for SFIDA and ten for CIRDAP.