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European Union to allocate additional $633 million to prevent food crisis

by teleSUR

Ursula Von Der Leyen, European Commission President, has announced Tuesday that the European Union plans to allocate more than 600 million dollars to support the most exposed regions regarding the ongoing global food crises.

“To help our partners, we will mobilize an additional 633 million dollars to avoid a food crisis and an economic shock,” said Von Der Leyen at the 2022 European Development Days.

African, Caribbean, and Pacific countries will be the targets of the donations,  which will be disbursed from the European Development Fund, intended to counter the looming food crisis.

From the donative, 158 million dollars will be designed for humanitarian assistance, 369 million dollars are intended for sustainable production and resilience of food systems, and 105 million dollars will be invested in macro-economic support.

This package came along with a previous existing package worth 3.16 billion dollars donated by the EU for food security, according to what Von Der Leyen posted on Twitter.

According to the European Commission President, investments in food production and resilience of food systems are significant.

Source
teleSUR
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