WFP reports progress in raising needed funds

The World Food Program’s budget deficit of USD755 million shrank by two-thirds with the latest pledges from rich governments such as Canada, Australia and Britain. This was the status prior to the USD770 million food aid proposal by U.S. President George W. Bush. The WFP, however, is unsure if Washington’s recent funding commitment would finally close the gap. “We will have to wait to see how this money is going to be allocated to the different agencies responsible for responding to the impact of global food prices,” said WFP spokesman Gregory Barrow. “But clearly this is a major step for all of us who are engaged in addressing this problem.” The Food and Agriculture Organization believed aid promises from various donors would “enable the countries affected to overcome the constraints resulting from high market prices.”

Source: WFP unsure if Bush food funds will cover aid gap (Reuters)

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