Categorie: Funds
Submitted 6 months ago by
Lovephileo
, WEB CONSULTANT / PASTOR
at LIGHT OF THE WORLD CHRISTIAN CENTER
The world is very bad today. An estimated 100 million people have fallen into poverty in the past 2 years. Prices are expected to stay high through 2015. Two billion people are struggling everyday from high food prices and it threatens to a massive malnutritions and deaths. The World Bank has something to tell and must do something inorder to fulfill its purpose for living. Global Food Funds World Bank approves $1.2b for food crisis. Loans and grant financing will be extended to poor countries, struggling with the effects of soaring fuel and food costs, including $200 million in grants targeted at the vulnerable in the world's poorest countries. WB will grant support for Djibouti ($5 million), Haiti ($10 million), and Liberia ($10 million) and to Togo, Yemen and Tajikistan.These countries have been identified as high priority based on rapid needs assessments undertaken in the field with the WFP, FAO and IFAD.These $1.2 billion facility is designed to address food for work, conditional cash transfer, school feeding program, and food production - by supplying seeds and fertilizers, improving irrigations for small-scale farmers and provide budget support to offset tariff reductions for food and other un...
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Submitted 6 months ago by
Lovephileo
, WEB CONSULTANT / PASTOR
at LIGHT OF THE WORLD CHRISTIAN CENTER
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