Global Arab Network | Palestinian Territories to benefit from €1 billion Food Facility for developing countries

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Palestinian Territories to benefit from €1 billion Food Facility for developing countries

Global Arab Network - - Adam Turner

Monday, 30 March 2009 18:20

The Occupied Palestinian Territories are to receive €39.7 million over three years as part of an EU package of projects to support agriculture and improve the food security situation in developing countries across the globe.
A Commission press release said 23 countries were included in the €314 million package, which is the first financing decision in the framework of a €1 billion Food Facility adopted at the end of last year as a response to the growing food security problems faced by many developing countries. The Occupied Palestinian Territories are one of the biggest recipients with an indicative allocation of €39.7 million.

Louis Michel, Commissioner responsible for Development and Humanitarian Aid, said: “The package adopted today targets the 23 countries worst hit. Over the months ahead, we must not forget the impact that the financial crisis and economic downturn will have on developing countries – this is only now becoming clear and could be much worse than expected.”

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