Food Summit calls for more investment in agriculture
6 Jun 2008
Poor countries need special assistance to weather food price shocks
Rome – The Summit on soaring food prices, convened by the UN Food and Agriculture Organization (FAO), has concluded with the adoption by acclamation of a declaration calling on the international community to increase assistance for developing countries, in particular the least developed countries and those that are most negatively affected by high food prices.
“There is an urgent need to help developing countries and countries in transition expand agriculture and food production, and to increase investment in agriculture, agribusiness and rural development, from both public and private sources,” according to the declaration.
Donors and international financial institutions are urged to provide “balance of payments support and/or budget support to food-importing, low-income countries. Other measures should be considered as necessary to improve the financial situation of the countries in need, including reviewing debt servicing as necessary,” it said.
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Source: FAO Newsroom
“There is an urgent need to help developing countries and countries in transition expand agriculture and food production, and to increase investment in agriculture, agribusiness and rural development, from both public and private sources,” according to the declaration.
Donors and international financial institutions are urged to provide “balance of payments support and/or budget support to food-importing, low-income countries. Other measures should be considered as necessary to improve the financial situation of the countries in need, including reviewing debt servicing as necessary,” it said.
Read More...
Source: FAO Newsroom
