IFAD / NEW PRESIDENT LARIO

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07-Jul-2022 00:02:07
The International Fund for Agricultural Development (IFAD) Thursday appointed its top finance executive, Alvaro Lario, to be its next president, choosing a champion of private sector investments to lead the UN agency into battle against a global food security crisis triggered by war in Ukraine, climate change and the economic shock of COVID-19. IFAD

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STORY: IFAD / NEW PRESIDENT LARIO
TRT: 2:07
SOURCE: IFAD
RESTRICTIONS: PLEASE CREDIT IFAD ON SCREEN
LANGUAGE: ENGLISH / NATS

DATELINE: 7 JULY 2022, ROME, ITALY

SHOTLIST:

1Exterior shot, IFAD Headquarters
2. Wide shot, Alvaro Lario walking up to the stage in IFAD Governing Council Special session
3. SOUNDBITE (English) Alvaro Lario, President elect, IFAD:
“Due to the war in Ukraine small-scale producers cannot absorb the shocks of increased prices, increased fuel and lack of fertilizers. This is just one additional shock they had to endure after Covid and unequal recovery, as well as the climate disasters we are seeing. Shock after shock rural poor people and rural poor women are the ones who are disproportionately affected.”
3. Med shot, Alvaro Lario on stage at the Governing Council.
4. SOUNDBITE (English) Alvaro Lario, President elect, IFAD:
“I will scale up our investments in climate-smart agriculture and in climate resilient practices and deepen the impact in our four main topics and areas of expertise climate, gender, youth and nutrition.”
5. Various shots, IFAD Governing Council delegates.
6. SOUNDBITE (English) Alvaro Lario, President elect, IFAD:
“We have the institutions to tackle poverty, we have the know-how to actually reduce inequality, what we need is to mobilise resources and join forces with the entire international community.”
7. Med shot, Alvaro Lario being congratulated by delegates at the Governing council special session
8. Pan shot, Alvaro Lario entering the IFAD building
9. Med shot, Alvaro Lario having a photograph taken inside the building
10. Wide shot, Governing Council sign exterior

STORYLINE:

The International Fund for Agricultural Development (IFAD) today (7 Jul) appointed its top finance executive, Alvaro Lario, to be its next president, choosing a champion of private sector investments to lead the UN agency into battle against a global food security crisis triggered by war in Ukraine, climate change and the economic shock of COVID-19.

Alvaro Lario, IFAD’s Chief Financial Officer (CFO) has pledged to double IFAD’s impact on rural poor communities by 2030 after being appointed the next President of UN agency.

In his acceptance speech at IFAD’s Rome Headquarters he told member states attending the election why small-scale farmers needed our support.

SOUNDBITE (English) Alvaro Lario, President elect, IFAD:
“Due to the war in Ukraine small-scale producers cannot absorb the shocks of increased prices, increased fuel and lack of fertilizers. This is just one additional shock they had to endure after Covid and unequal recovery, as well as the climate disasters we are seeing. Shock after shock rural poor people and rural poor women are the ones who are disproportionately affected.”

Lario committed to scale-up investments in climate resilience and climate-smart agriculture.

SOUNDBITE (English) Alvaro Lario, President elect, IFAD:
“I will scale up our investments in climate-smart agriculture and in climate resilient practices and deepen the impact in our four main topics and areas of expertise climate, gender, youth and nutrition.”

He called on governments to join IFAD to achieve the SDG goals.

SOUNDBITE (English) Alvaro Lario, President elect, IFAD:
“We have the institutions to tackle poverty, we have the know-how to actually reduce inequality, what we need is to mobilise resources and join forces with the entire international community.”

Under Alvaro Lario’s stewardship as Associate Vice President for Financial Operations, IFAD became the first United Nations Fund and the only UN body and specialized agency other than the World Bank Group to enter the capital markets and obtain a credit rating, enabling the Fund to expand resources mobilization efforts to the private sector.

Lario has 20 years of experience in the private sector, academia and international financial institutions, including developing local capital markets and investments in emerging markets at the International Financial Corporation of the World Bank group.

He will take up his role on 1 October 2022.
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