Global Food Fund to Issue USD120M Grants in October

Facade of the U.S. Treasury Department building. A senior official of the department reveals that the Global Agriculture and Food Security Program eyes issuing USD120 million to more than 25 countries in October. Photo by: Woodley Wonderworks / CC BY Woodley WonderworksCC BY

The Global Agriculture and Food Security Program expects to award about USD120 million to more than 25 qualified countries in October.

Lael Brainard, the U.S. Treasury undersecretary for international affairs, revealed the information to Reuters.  

The first round of grants amounting to USD224 million went to Bangladesh, Haiti, Rwanda, Sierra Leone and Togo, Reuters reports. 

The initiative, which started in April 2010, aims to help poor countries boost agricultural production following the drastic rise in food prices in 2008. 

About the author

  • Chiden Balmes

    Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.