World Bank Supports Irrigation Projects in Peru to Help Small Farmers Cope With the Effects of Climate Change

Dec 05, 2023

The World Bank’s Board of Executive Directors today approved a loan to support irrigation projects that address the effects of climate change in Peru. The US$100 million financing will support the Government’s efforts to modernize and make irrigation systems more efficient thereby benefiting small farmers and rural communities.

The investment will be implemented by the Ministry of Agricultural Development and Irrigation through 130 subprojects and will directly benefit some 24,000 persons. The project will also provide technical assistance to optimize water management for irrigation in 19 regions and will strengthen the institutions responsible for irrigation systems by improving their management capacity.

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Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.