New funding promises marked the second day of the food crisis summit in Rome. The World Food Program announced it has earmarked new emergency funds worth USD1.2 billion. “With soaring food and fuel prices, hunger is on the march and we must act now,” WFP executive director Josette Sheeran said. Food and Agriculture Organization Director-General Jacques Diouf, meanwhile, told delegates to the meeting that the Islamic Development Bank agreed to invest USD1.5 billion in efforts to boost agriculture in the world’s poorest nations.
Source: World leaders struggle to agree food crisis plan (AFP)