Alvaro Lario to be the new President of International Fund for Agricultural Development

Alvaro Lario to be the new President of International Fund for Agricultural Development

Recently, Spain's Alvaro Lario has been appointed as the new President of the International Fund for Agricultural Development (IFAD). Lario will assume office on 1 October, 2022 and serve a four-year term. He will replace Gilbert Hongbo who has led the organization since 2017.

Lario, who will be IFAD's 7th president, will lead the UN agency at a critical time when global food prices are rising, fueled by the Ukraine war, climate change and the pandemic, with the world's poorest countries most affected.

International Fund for Agricultural Development (IFAD)

It is a specialized institution of the United Nations. It was established in the year 1977 as an international financial institution. The main objective of this organization is to eradicate poverty in rural areas in developing countries.