[IFAD] “Public development banks must ensure that their significant financial resources better serve the fight against hunger, poverty and climate change”, said Alvaro Lario, President of the UN’s International Fund for Agricultural Development (IFAD), at the Finance in Common Summit 2023 (FICS) today in Colombia. With hunger and poverty on the rise and climate change accelerating, global leaders and heads of financial institutions will gather at the summit to strengthen Public Development Banks (PDBs) crucial role in providing finance for development and climate action, and helping developing countries meet the global Sustainable Development Goals and Paris Climate Agreement objectives.