Rome, September 30, 2022 /PRNewswire/ — Development Finance Leader Alvaro Lario take the helm of United Nations The International Fund for Agricultural Development has an urgent task on Saturday to combat poverty and hunger among the world’s rural poor, who face the persistent threat of climate change and food insecurity.
Lario, a Spanish national who has been IFAD’s Chief Financial Officer since 2018, is leveraging private sector investment to help millions of smallholder farmers and rural communities most affected by global shocks. has led efforts to increase the resilience of
Alvaro Lario, IFAD President
“Our mission has never been more urgent as food insecurity, climate change and conflict threaten the lives and livelihoods of the world’s rural poor. With the combined commitment and resources of , our power to shape the future is greater than ever.”
Lario remains committed to IFAD’s goal of doubling its impact on poor and rural communities by 2030. This will be done in part by promoting climate change adaptation as a priority of the Fund.
Poor smallholder farmers produce one-third of the world’s food, but receive less than 2% of climate funding and are the least adaptable to changing conditions such as drought, extreme weather and crop failures. Hmm.
IFAD, united nations Professional institutions, which are also international financial institutions, $23 billion Since 1978, we have provided low-interest loans and grants through projects to increase food security and production, improve nutrition and build resilience in the world’s poorest and most marginalized rural areas. Reaching out to over 500 million people.
In 2020, under Lario’s administration, IFAD will launch its first united nations A fund to receive a public credit rating. Obtaining his A++ rating through Fitch’s agency has enabled IFAD to issue a total of two private placement bonds in his 2022, securing private sector investment. $150 millionwill be added in the future.
Lario’s term of office is one to four years.st October. He holds a PhD in Financial Economics from his native University of Complutense. Spainand a master’s degree in finance from Princeton UniversityPrior to the IMF, he worked for the World Bank Group’s International Finance Corporation for more than six years and held various roles in the private sector wealth management industry and academia.
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Source International Fund for Agricultural Development
