The European Union’s 1 billion-euro (USD1.2 billion) food facility has so far disbursed more than 500 million euros to help feed 50 million people worldwide. About 97 percent of the facility has already been committed a year-and-a-half after its adoption.
The European Commission produced a booklet consolidating the best 84 ready-to-go, high-quality projects that promote food security. These projects form part of the proposals received when the food facility’s call for proposals was launched in 2009.
This auction floor will help increase cost-effectiveness, coherence and coordination in line with the Accra Agenda, which aims to harmonize and align aid. It may also help mobilize aid for food security and agriculture commitments made at last year’s G-8 summit in L’Aquila, Italy. Investors and donors may get in touch with the organizations for additional information on the projects presented in the booklet.
The EU food facility offers financing to improve access to agricultural inputs, sustain safety-net programs, and back microcredit, investment, equipment, infrastructure and training.