Female head facing left. The woman symbolizes the Italian Republic with feathered wings coming from temples (symbols of intelligence and freedom). Engraver`s name below the neck-cut.
Obverse script
Latin
Obverse lettering
REPVBBLICA ITALIANA
CRETARA (Translation: Republic of Italy Cretara)
Reverse description
Open hand with palm facing up, holding an ear and sorghum stems. Above it a solar globe and a twisted wheat ear, forming the number `20`: the years of the anniversary. In the outer ring above the word `IFAD` with its symbol at left divides the dates of the anniversary; value is below with the mintmark at right and the name of the author at left, along the rim. , and a stylised 20 made out of wheat, and the denomination at the bottom
Reverse script
Latin
Reverse lettering
IFAD
1978 1998
20
L. DE SIMONI
L.500 R
Edge
Alternating smooth and reeded segments
Mint
R Rome, Italy (476-date)
Mintage
1998 R - - 100 000 000 1998 R - Proof - In Proof Sets only - 9 000