More Than 4.5 Billion Dollars in Aid For Food Security Agreed by The G7.
London, Wednesday, 29 June 2022
More than 4.5 billion dollars in aid, with the US providing more than half, will be announced by US President Joe Biden and the G7 leaders to address global food security, the White House said on Tuesday.
In response to rising food poverty and hunger, Biden will announce $2.76 billion in extra US government financing to assist in protecting the world's most vulnerable populations and reducing the effects of Russia's assault on Ukraine.
While $2 billion will go toward emergency measures, $760 million will go toward long-term sustainable food aid to help reduce poverty, hunger, and malnutrition in weaker nations that are impacted by rising food, fertiliser, and fuel costs.
The funds will be used to address fertiliser shortages and buy resilient seeds in order to support initiatives in more than 47 nations and regional organisations.
With 24 countries in Africa, 10 in Asia, and 6 each in Latin America and the Middle East, the US Agency for International Development (USAID) will allocate $640 million to fund bilateral targeted agriculture and food security projects.
The US has contributed $2.8 billion for emergency food operations in nations experiencing a food crisis since the war's outset, according to the White House.
(Report by: The Decision Maker – International Relations editors)