Press Release: EU €1 billion ‘Food Facility’ for developing countries – Commission adopts overall plan and first implementation decision

On March 30, 2009, the European Commission adopted a € 314 million package of projects to support agriculture and improve the food security situation in 23 developing countries across the globe. This was the first financing decision in the framework of the € 1 billion Food Facility which was adopted at the end of last year as a response to the growing food security problems faced by many developing countries. The Commission also agreed to an overall plan for the use of the entire amount of the Facility, targeting 50 developing countries in total.

European Commission: MEMO/09/138: EU Food Facility – Overview of Programming http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/138&format=HTML&aged=0&language=EN&guiLanguage=en

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