 I'm really delighted to be here, not only to visit Italy, but because that was a commitment that we had with Jimmy when he left the bank that we would make sure that we would continue to work together. And so we had in mind of organizing this high level global meeting and get together and agree on the way forward and strengthen our partnership. So I'm very happy, you know, because Jimmy was in the bank, so he knows the bank so it helps a lot. Now he's in Italy, so it will be easy for us to strengthen our partnership. And we have a lot to do on many aspects, among which the link in King Research to Development. This is a difficult subject for which we will need all the support of all the stakeholders. So we had an idea and now this is being concretized today, so I'm very happy that we were able to do that. And I'm really looking forward to continue to work with Jimmy as a friend and with the institution more globally. The phase where natural resources will become scarce and scarce, you can already see how crisis have picked up for raw materials, for feed, for energy, for fertilizer. And all this will affect the livestock sector in many ways. And it will affect both small and large scale production. And it will probably mean that the livestock sector will have to adjust to scarcities much more so than it did in the past. So there is a huge need to adjust the livestock sector in order to make better use of natural resources. And the way this should be done is really focusing on natural resources efficiency as the main common denominator for trying to pull together various interventions above the policy and technology level. Our first livestock grant in 2007 and since then we've learned so much more about the huge opportunity for small holders to improve their lives through livestock and we just feel like this opportunity can't be ignored and we look forward to continue to invest in the space. We think there are large opportunities to actually close what we perceive as a really large productivity gap that small holders face by improving the health of their animals and then also by improving the genetics of their animals. So we see that as a big opportunity and also just increasing basic access to the resources that they need to increase the productivity of their livestock. And then if they have access production to sell, making sure that they have access to markets in which to do that. Human health is clearly linked with availability of milk, eggs, meat and is a key factor for example to build the brain of children. There are essential protein and amino acids which is very important for human health to have animal products, particularly for children. We have some risk linked with animal diseases and sometimes animal diseases can be transmitted to human. 60% of human pathogens are of animal origin. It is why it is very important to make permanent control of all the food chain from the farm to the plate and then to have appropriate people, for example veterinarians controlling that or giving to the private sector the responsibility to control that while controlling the controllers. So this is really a duty of all governments to organize the safety of the food. Together we will actually strengthen our effort and help us in actually delivering what we set ourselves to do. We will focus and also streamline and sometimes minimize duplication rate and says. And from our different strengths come together to address the issue at hand which is helping people that derive their livelihoods from livestock improve their lives. In Southern Africa we are looking at enhancing participation of smallholder farmers in markets. We have over 80% of the livestock in the hands of the smallholder sector. If these farmers are not participating or engaging actively in markets we find that they are not contributing as much as they should. So we are looking at what are the constraints or what are the opportunities and how to best link these farmers to the markets and who are the actors that we can facilitate to link the farmers and the different actors in the value chain. You must keep in mind we are talking about a large number of people involved with livestock and that will not walk away, that will not disappear. We don't see how all these people will be absorbed in industrial or services sector. So for many people livestock has been their livelihoods and really we I think nowadays recognize that maybe in the past we looked at all smallholder livestock keepers as one crowd. I think we are thinking now is a bit more sophisticated if you want that some people will make it to become commercial. I mean the world is changing, the market chains are improving, there is investment in roads. In many places they can make it if you want to be successful agricultural entrepreneurs produced livestock. But a lot of people will probably not be able to do that particularly think about remote drylands places like that. The big change I think is that suddenly we see a lot more interest because of the high prices the private sector is coming in and wants to invest. And so a lot more chances exist the prices are higher and we see a lot of interest in investing in forward and backward linkages. Milk collection for example or selling fertilizers those are sort of things. So more and more I think we will be able to ask the private sector to do those pieces. The public sector will have to make sure that the rules of the game are fair. The policies make sure that the risks are not all on the side of the smallholder when you have contract farming that sort of thing. But so the instruments are changing. We are having countries which have now enough money to give direct cash transfers to poor people. It wasn't the case before. We have new instruments to help them reduce risks like for example vaccines or insurance schemes. And we have for the other ones which are going to go sort of the market route. We have private sector now interested in engaging with them and doing business with them. So the landscape is changing and I think that's what's encouraging. But obviously addressing poverty is a very difficult issue. It's a very multi-dimensional problem. It's not just income. It's culture. It's opportunities. And obviously it is a location specific problem. We will have to look at different settings and think through how to deal with each of those. So no silver bullet I'm afraid. I was very pleased to have my colleagues here from the World Bank, OIE, FAO, ASEAN, AUI Bar in this consultation to look at the livestock issues and the global dimensions of it. As we are building our new strategy in Ilri, we are mindful that we need the partnerships of our other international partners to be involved with us. And so getting their inputs into our strategy is enormously important. They share a global space with us and they have brought many important issues to the table. So I was very pleased with the opportunity to host them and of course the quality of the deliberations. I look forward to incorporating their views into our strategy and to working very closely with them as we move forward in the future.