The global economic meltdown may erase advances in alleviating poverty and food insecurity in Europe and Central Asia, Food and Agriculture Organization Director-General Jacques Diouf warned. The recession has undermined the agriculture sectors of Asian and European countries, according to FAO studies.
“[T]here is no more powerful engine for stimulating growth and eradicating hunger and poverty than investment in agriculture,” Diouf said during the agency’s 27th regional conference for Europe.
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Some USD44 billion in official development assistance is needed each year to finance modern inputs, rural infrastructures and technologies for farmers in developing nations.
