Food facility – EU rapid response to soaring food prices in developing countries
15 June 2010, 18:44 CET
In order to provide a rapid EU response to soaring food prices in developing countries, a Regulation establishing a 'Food Facility' was adopted by the European Parliament and the Council in December 2008. This new instrument provides for EUR 1 billion funding to be spent over three years, nearly half of which in 2009.
The link address is: http://ec.europa.eu/europeaid/how/finance/food-facility_en.htm
