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THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EC) No 1257/96 of 20 June 1996 concerning humanitarian aid1 , and in particular Article 2, Article 4 and Article 15(2) and (3) thereof,
Having regard to Council Decision 2013/755/EU of 25 November 2013 on the association of the overseas countries and territories with the European Union ('Overseas Association Decision')2 , and in particular Article 79 thereof,
Only 2 out of 5 people in need will receive food security support with current funding levels.
Summary of crises with major changes since beginning of 2008
Release number IFAD/52/07
Rome, 14 December 2007 - IFAD's Executive Board approved more than US$236 million in loans and US$20 million in grants for projects and programmes that will help poor rural people in developing overcome poverty.
The 92nd session of the Board was held from 11 to 13 December at IFAD headquarters in Rome.
The Board also approved US$6.24 million in grants to support agricultural research and development activities in rural regions of poor countries.
Western and Central Africa to receive US$76.09 million in loans and US$1.2 million in grants
Part I: Operational Requirements and Shortfalls
Overview of the 2007 Programme of Work
As the end of 2007 nears, the number of people the World Food Programme is seeking to support has risen to 83 million. The amount of food assistance required to assist these people is valued at US$3.4 billion. Considering resources mobilized thus far in 2007, the current level of funding falls short by some US$653 million.
Additional resources amounting to approximately US$800 million are required before the end of 2007 to ensure uninterrupted food aid deliveries for ongoing activities.