Through its sustainable bond programme, IFAD is mobilizing private capital to support climate resilience and sustainable rural development. A recent US$70 million climate adaptation bond, privately placed with Japanese agricultural cooperative insurer Zenkyoren and announced at #COP31#, will help finance IFAD’s rural development projects worldwide, supporting small-scale farmers as they adapt to climate change. The bond builds on IFAD’s longstanding experience in rural climate adaptation, including through its Adaptation for Smallholder Agriculture Programme (ASAP), which has mobilized US$429 million since its launch in 2012 and catalyzed eight times that amount in additional resources. By opening new channels for private investment, IFAD’s adaptation bond programme is helping expand the financing available for rural resilience and demonstrate the potential of capital markets to support climate adaptation in agriculture. Read more at @turkiyecop31 | #FinancingTheFirstMile# | #COP31Türkiye# | #COP31Antalya#