G8 Promises $20 Billion in Agricultural Aid: Real Change or Business as Usual?
July 10th, 2009 By Paula Crossfield
Today, the Group of 8 meeting in L’Aquila, Italy pledged 20 billion dollars in agricultural aid, responding to a request made yesterday by President Obama. For the first time, instead of being given directly as food aid, these funds are set to be allotted for building an agricultural economy in nations in need, specifically in Africa. Just what this agricultural infrastructure entails (the fine print mentions fertilizer and seed, grain storage vessels and plant variety research) could be the key to whether the plan actually seeks to feed many of the billion people on earth who are now hungry, or whether the U.S. and other nations will, instead, further fuel the food crisis. Read More