FAO Investment Centre

Poorest countries’ cereal bill continues to soar, governments try to limit impact


"...FAO urges all donors and International Financing Institutions to increase their assistance or consider reprogramming part of their ongoing aid in countries negatively affected by high food prices. A tentative estimation of the additional funding required by the governments to implement country projects and programmes for dealing with soaring food prices ranges between US$ 1,2 and 1,7 billion. The release of these funds can provide important support for poor farmers, including access to inputs and assets, to enhance the food supply response in the next agricultural seasons..."

More information at : http://www.fao.org/newsroom/en/news/2008/1000826/index.html