The document outlines the goals and initiatives of the International Flood Mitigation Initiative (IFMI) for the Red River basin. The IFMI aims to significantly reduce flood damage through mitigation while enhancing economic, social, and ecological opportunities in the basin by 2010. The IFMI mission is to promote achievable and action-oriented flood mitigation goals and implementation strategies through public and private partnerships. The IFMI identified goals including developing basin-wide cooperation, forging partnerships, protecting people and property, and enhancing the environment, economy, and communities.

7. IFMI Vision for the Basin The participants agreed on an IFMI vision for the Red River basin: By the Year 2010, the community of the Red River Basin has addressed flooding through mitigation that achieves significant flood damage reduction goals while enhancing economic, social and ecological opportunities.

8. IFMI Mission They identified an IFMI Mission: To promote and develop achievable and action-oriented flood mitigation goals and implementation strategies by engaging citizens, their communities and governments.