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G8 pledges to boost food supplies

July 10, 2009

Leaders of the G8 developed nations have pledged $20bn (£12bn) for efforts to boost food supplies to the hungry, on the final day of a summit in Italy.

The investment, which is $5bn more than had been expected, will fund a three-year initiative to help poor nations develop their own agriculture.
US President Barack Obama said the issue of food security was of huge importance to all nations in the world.
Richer nations had a moral obligation to help poorer nations, he said.
Mr Obama added that the G8 nations had agreed to commit $15bn for the new initiative going into Friday's meeting, but had then promised an additional $5bn in "hard commitments" during the talks.

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