The International Fund for Agricultural Development (IFAD), in partnership with the Global Environment Facility (GEF) and the governments of Malawi, Eritrea, and Kiribati, announced three new investments in climate resilience to help rural people restore ecosystems, strengthen their adaptive capacity, protect biodiversity, and improve their livelihoods.
The GEF approved a combined package of over US$44.5 million in GEF financing and more than US$80 million co-financing — of which US$48.5 million from IFAD — during its recent 70th Council Meeting. The investments will support innovative climate-resilient, ecosystem-based, and community-driven projects co-financed by IFAD and the governments of Malawi, Eritrea and Kiribati, and implemented by partner governments, in these three highly vulnerable countries to climate shocks.
“These three investments embody IFAD’s vision of a climate‑resilient future in which rural communities lead the transition to integrated blue‑green economies, restoring ecosystems while strengthening their own livelihoods. Investments in small farmers, coastal communities and island populations can simultaneously protect biodiversity, build resilience to climate change and open new, inclusive economic opportunities,” said Juan Carlos Mendoza Casadiegos, Director of IFAD’s Environment, Climate, Gender and Social Inclusion Division.
