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Monday, 28 June 2010

First results of the EU 1 bn Food Facility

With more than € 500 million already disbursed and 97 % of funds committed after only one year and a half from its adoption, the € 1 billion EU Food Facility has provided a fast and efficient response in tackling food insecurity. The Commission present today a booklet on the use of the Food Facility. It shows that around 50 million people all over the world are receiving support from the facility and results are starting to show. Faced with an impressive number of high–quality proposals but a limited budget, the European Commission is calling on other donors to help funding projects under the newly launched "Food Facility Auction Floor".

Source: European Commission