IFAD 09/07 Rome, 27 September 2007 – Climate change will hit the poorest, most vulnerable communities hardest, said IFAD’s president, Lennart Båge, prior to a meeting with Erich Stather, Germany’s State Secretary at the Ministry for Economic Cooperation and Development. Båge points to the torrential rains and flash floods currently affecting more than a million people across at least 17 countries in West, Central and East Africa. The extraordinarily severe downpours have killed scores of people, destroyed crops and hundreds of thousands of homes and left many people vulnerable to water-borne diseases. “Not only must we help poor rural people adapt and cope with climate change, we must enable them to be part of the solution. This is the big challenge,” said Båge. “Climate change is not only an environmental issue; it has clear economic and social consequences. It is one of the most serious threats the world faces.” “Germany is a valued supporter and partner of IFAD,” said Båge. “It has consistently supported our efforts to reduce poverty in rural areas, particularly in Africa.” IFAD is an international financial institution and a specialized United Nations agency dedicated to eradicating poverty and hunger in rural areas of developing countries. Through low-interest loans and grants, IFAD develops and finances programmes and projects that enable poor rural people to overcome poverty themselves. There are 191 ongoing IFAD-supported rural poverty eradication programmes and projects, worth a total of US$6.6 billion. IFAD has invested US$3.1 billion, with cofinancing provided by partners including governments, project participants, multilateral and bilateral donors. These initiatives will help about 82 million poor rural women and men to achieve better lives for themselves and their families. Since starting operations in 1978, IFAD has invested US$9.8 billion in 751 programmes and projects that have reached more than 310 million poor rural women and men. Governments and other financing sources in recipient countries, including project participants, contributed US$9.2 billion, and multilateral, bilateral and other donors provided another US$7.2 billion in cofinancing. |
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