💨 Abstract

IFAD President Alvaro Lario stated at the UN's Summit of the Future that global challenges like hunger, poverty, inequality, and climate change necessitate concerted efforts to find solutions. He highlighted a substantial funding gap for rural areas, particularly climate adaptation, while wealthy countries spend $630 billion annually on market-distorting subsidy policies. IFAD proposes reallocating these subsidies to promote sustainable, nutritious food.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖