International Fund For Agricultural Development (IFAD)
Alvaro Lario will take office as the seventh President of IFAD on 1 October 2022. Lario brings 20 years of experience in the private sector, academia and international financial institutions, including as Associate Vice-President, Chief Financial Officer and Chief Controller of the Financial Operations Department at IFAD. Under his stewardship, IFAD became the first United Nations Fund and the only UN body and specialized agency other than the World Bank Group to enter the capital markets and obtain a credit rating, enabling the Fund to expand resources mobilization efforts to the private sector. Before joining the Fund in early 2018, Lario was the Treasury Capital Markets Lead and Principal Portfolio Officer at the International Finance Corporation of the World Bank Group. Earlier positions include various roles in the private sector asset management industry and in academia. Lario received a PhD in financial economics from the Complutense University of Madrid and was awarded a master of research in economics from London Business School. He also holds a master’s degree in finance from Princeton University.