The European Parliament today (22 May) called for a major expansion of EU food production development aid.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The call comes in response to the civil strife faced by many developing countries due to food shortages and rising prices.
A formal resolution called for “an urgent and substantial increase in investment in agriculture, aquaculture, rural development and agribusinesses in developing countries, focused on poor farmers and small-scale farming”.
MEPs criticised the fact that just 4% of EU official development assistance (ODA) is dedicated to agriculture.
The Parliament also called on the European Investment Bank to investigate establishing a guarantee fund financing national micro-credit and risk-hedging schemes for developing country food producers.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
