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07 February 2020

Mr. President,

I wish to congratulate Mr Gilbert Fossoun Houngbo, former Prime Minister of Togo, for his election as new President of IFAD. Brazil has all the confidence in his ability to lead IFAD in the new multilateral development landscape, in which the promising environment set by the Sustainable Development Goals and the Paris Agreement on climate change is at odds with a more adverse reality for securing the financial resources necessary to fulfill our expectations.

We all recognize that President Kanayo Nwanze accomplished much during his tenure and leaves IFAD well positioned to keep evolving in keeping with ever changing conditions and the unfolding of opportunities and challenges in the upcoming years. We must build on President Nwanze’s legacy to make IFAD more relevant and more efficient. This involves streamlining its operations, seeking an optimal interconnection between headquarters and field offices, working closer and in better coordination with the other Rome-based agencies and other multilateral institutions, pursuing innovative ways to assist rural communities, and exploring avenues for strengthening its financial capacity, including by resorting to new and innovative sources of financing.

These are necessary steps for producing more effective results and for scaling-up IFAD’s activities in the coming years. I am certain that with concerted efforts of all Member States together with Mr. Houngbo and the secretariat, IFAD can contribute much to the attainment of the SDGs, in particular the ones more pertinent to IFAD’s mandate.

Brazil and IFAD have a successful ongoing partnership. We expect to further strengthen this partnership, working together to enhance the impact of IFAD’s projects in Brazil and working closer with IFAD in promoting South-South and Triangular Cooperation. IFAD’s successful portfolio in Brazil constitutes a valid reference for other developing countries, not only middle-income countries but LDCs alike.

In closing, I would like to express our deepest gratitude to outgoing President Nwanze, to whom we wish all the best in his endeavors in the coming years. I wish also to pledge to the incoming President our best efforts to help him out to accomplish the important tasks expected by the chief officer of this organization.

Thank you.