This rationale led IFAD to become one of the first multilateral institutions to channel climate finance for adaptation in agriculture.

ASAP works in 41 low-income and middle-income countries, using climate finance to make rural development programmes more climate-resilient. The programme has a financial volume of 300 million US dollars, making it the largest global financing source for smallholder adaptation. Much of it goes directly to the 6.6 million farmers it benefits and to farmer-led adaptation, through financing a diverse set of approaches and actions that support local decision-making processes and community organisation initiatives to improve their ability to cope with climate change.

Taking local vulnerabilities into account

The first generation of ASAP projects have sought to promote resilient rural development interventions, which are framed by prospective climate risks. For instance, the Livestock and Pasture Development Programme (LPDP) in Tajikistan is concerned with raising the capacity of Pasture Users’ Unions (PUUs) to develop and implement climate-risk management community plans.