Massive EU support for global food security

by Editor
Friday, May 22, 2009

Europe remains firmly committed to help poor countries boost agricultural production, FAO said. The organisation received a historic €106 million ($144 million) donation from the European Union in support of farmers hardest hit by the global food crisis.

The signing in Brussels of an assistance package to ten countries in Africa, Asia and the Caribbean who suffered most from the 2007-2008 food price crisis is a major boost to efforts to turn the tide of worsening food security, expected to deteriorate even further this year as the financial and economic crisis deepens in developing countries.

The aid package is part of the EU's €1 billion response to the food crisis, dubbed the ‘Food Facility'. As the economic crisis is pushing more people into hunger and poverty, it sends the urgent message that the time has come to get agriculture back on its feet, responding to FAO's calls for increased investment in agriculture after three decades of decline.