EU Proposes Special Financing Facility Worth 1 Billion Euros To Help Farmers In Developing Countries
added: 2008-07-22
European Commission proposed to establish a special finance facility to respond to soaring food prices in developing countries. The fund would be worth 1 billion euros (1.6 billion dollars) and would operate for two years, 2008 and 2009. This money would be in addition to existing development funds and would be taken from unused money from the European Union's agricultural budget.
