Tags: US | To | Cut | Food | Aid | Due

U.S. To Cut Food Aid Due To Soaring Costs

Saturday, 01 Mar 2008 10:19 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON - - The United States will drastically reduce emergency food aid to some of the poorest countries this year because of soaring food prices, The Washington Post reported Saturday.

Citing unnamed officials, the newspaper said the US Agency for International Development was drafting plans to cut down the number of recipient nations and the amount of food provided to them.

A 41-percent surge in prices of wheat, corn, rice and other cereals over the past six months has generated a 120-million-dollar budget shortfall that will force the USAID to reduce emergency operations, the report said.

That deficit is projected to rise to 200 million dollars by the end of the year.

The USAID is reviewing all of the agency's emergency programs, which target countries like Ethiopia, Iraq, Somalia, Honduras and Sudan's Darfur region.

"We're in the process now of going country by country and analyzing the commodity price increase on each country," The Post quotes Jeff Borns, director of USAID's Food for Peace program as saying. "Then we're going to have to prioritize."

(AFP)

-

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Sen. Ron Johnson: Jihadists Coming to US if Obama Doesn't Act

Thursday, 21 Aug 2014 11:09 AM

If President Barack Obama doesn't come up with a strategy to exterminate the Islamic State of Iraq and Syria (ISIS), the . . .

Cameron: Viewing, Sharing Beheading Video a Crime in UK

Thursday, 21 Aug 2014 10:22 AM

The U.K. government reminded police of their power to arrest people distributing terrorist literature, including the vid . . .

Holder: Justice Launches Criminal Probe Into Foley's Death

Thursday, 21 Aug 2014 10:15 AM

The U.S. Justice Department is conducting a criminal investigation into the death of American journalist James Foley, At . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved