Zambia is this year expected to receive K140 billion in grants from the European Union (EU) under the EU global food facility and other financial instruments to improve agriculture and food security in the country.
The K140 billion EU grant to Zambia is part of the Union’s global one billion pounds meant for food facility and other financial instruments for improving agriculture and food security.
EU Head of delegation in Zambia, Derek Fee said these grants are aimed at assisting government to finance activities in the agricultural sector.
Dr. Fee said that the grant was meant to improve access to agricultural inputs like fertilizers, seeds, and services such as veterinary and advisors
.
He added that improved access to agricultural inputs and services would provide safety net measures that would facilitate social transfers to vulnerable groups.
He said a total of 23 developing counties will benefit from this financing package.
“The projects to be funded will impact positively on the lives of millions of the poorest people in Africa, Asia and Latin America, underlining the significance of the EU as the world’s principal partner in improving food security across the globe,” he explained.
And EU Commissioner for Development and Humanitarian Aid, Louis Michel, said the package shoes how serious Europe was in assisting developing countries to resuscitate and help poor people to improve their food security.
Mr. Michel said agriculture could provide good growth potential in developing nations during the current tough global economic times.
The Food Facility was established in December 2008 as the EU’s main response to the worsening global food security situation in 2007 and 2008.
ZANIS
Yaba that`s my money gone, only to end in peoples` pockets like those of accountants. Chilankalipa imwe!
Rule number one
Control oil–you control Nations.Contrlo food–you control people.
Prepare
ukawalala ndiye vuto pa zed.
lets wait and see what will come out,..bamambala are all over waiting for the money
Money is there, land and labour too, so what’s the problem Zambia? Please let us for once show these donors that we are serious by putting the funds to good use.
Nine Chale that is where the problem starts. Those receiving the funds have campaigns for 2011 to do, and so this money just comes in right. A concept to monitor these funds must be initiated and should do a annual report on how the money has been put into use.
nhfd