1 entry found
Sort by: Latest |Relevance
29 May 2008 description
report World Bank

Press Release No: 2008/ 334/VPU

WASHINGTON, May 29, 2008 - The World Bank Group announced today it would support global efforts to overcome the global food crisis with a new $1.2 billion rapid financing facility to address immediate needs, including $200 million in grants targeted at the vulnerable in the world's poorest countries.

Announcing several measures to address immediate to longer-term food challenges, the World Bank Group said it would boost its overall support for global agriculture and food to $6 billion next year up from $4 billion, and would launch risk management …