Alvaro Lario named as new President of IFAD

The governing council of the International Fund for Agricultural Development (IFAD) has been appointed as Spain’s Alvaro Lario new President. Lario will take office on 1 October 2022 and serve a four-year term. He will succeed Gilbert Houngbo who has led the organisation since 2017.

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Key points:

• Lario, who would become IFAD 7th president, will lead the UN agency at a crucial time when global food prices are surging, induced by the Ukraine war, climate change, and the pandemic, with the World’s poorest countries hardest hit.
• New figures published by five UN agencies including IFAD showed the world falling further behind in efforts to end hunger and poverty in line with the 2030 Sustainable Development Goals.
• The State of Food Security and Nutrition report showed that hunger globally rose to as many as 828 million in 2021, an increase of about 150 million since the outbreak of the Covid-19 pandemic.

Important takeaways for all competitive exams:

• International Fund for Agricultural Development Founded: December 1977, Rome, Italy.

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