FAO, IFAD and WFP reach 22 million people with massive EU investment in agriculture

FAO, IFAD and WFP reach 22 million people with massive EU investment in agriculture

02/12/2011

UN food agencies hail European Union Food Facility’s impact on global food security - In just two years FAO, IFAD and WFP have assisted over 22 million people hardest hit by the global food price crisis thanks to generous funding from the European Union's Food Facility (EUFF) — providing tangible evidence that investing in agriculture and nutrition improves global food security, the three UN agencies said today.

The combined effects of high food prices in 2007-2008 and the global financial and economic downturn pushed millions of people into poverty and hunger. By the end of 2008, when the number of undernourished people neared one billion, the European Union launched the € 1 billion Food Facility. Set up in close collaboration with the UN's High-Level Task Force on the Global Food Security Crisis, the EUFF channelled some € 367 million through FAO, IFAD and WFP to bridge the gap between short-term emergency needs and longer-term development by boosting agricultural production and productivity in countries hardest hit by the crises.

In providing quality seed and fertilizers, improving and building infrastructure and reducing the impact of natural calamities, the three agencies have helped to improve the food security and nutrition of an estimated 22 million of the most vulnerable people in 35 countries in Africa, Asia and Latin America. By linking farmers to markets and financial services, assisting in facilitating sustainable and profitable farming practices and creating new revenue streams, the effects of the EUFF will continue into their futures.