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Great, The G8 Set To Offer 15bn In Aid!

 

Updated : Jul 10, 2009

Leaders of the G8 group of rich industrialised nations are expected to promise €15bn (€10bn) today to boost food security in the world’s poorest countries.

The expected pledge comes as Africa takes centre stage on the last day of the three-day G8 summit in L’Aquila, Italy.

Leaders of the G8 nations – Britain, the US, Germany, France, Italy, Canada, Japan and Russia – will be joined today by African presidents and prime ministers and representatives of international bodies as they assess the impact of the global recession on the world’s poorest countries.

The downturn has led to a sharp increase in food shortages, with the numbers of chronically hungry estimated to be growing at a rate of around 275,000 a day throughout 2008.

The United Nations Food and Agricultural Organisation has called for an additional $30bn (€21bn) a year investment in agriculture and rural infrastructure, on top of emergency food aid.

Yesterday, the G8 nations joined emerging economies including China and India in agreeing on the desirability of limiting average increases in global temperatures to 2C, but failed to seal a deal on reductions in greenhouse gas emissions.

Among the African leaders taking part in today’s discussions will be Libya’s Muammar Gaddafi, who last night shook hands with US president Barack Obama as he attended the summit in his role as president of the African Union.

 

 

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