Great News! EU approves 760 million Euros!


great-news-eu-approves-760-million-euros

Nov 24th, 2008 1:33 PM UTC
By Roxane Philson

Picture 8Late Friday night, the EU finally agreed to provide 1 billion Euros of funding to struggling farmers in the developing world. Best of all, after crunching the numbers it looks like 76% of this funding will be new development assistance above and beyond what these countries currently give.

Congratulations to the 15,000 European ONE members who took part in the massive effort and great achievement. We’ll update you later today with more details on the final deal.

While this was a challenging campaign, the EU has shown, for now, that it will not forget people living in extreme poverty during these difficult times. But there are still two tests that remain. Firstly, when these countries write the check they must not simply reallocate other development assistance to fulfill their commitment. Secondly, we’ll be following the process to make sure the Commission spends these funds wisely.

- Roxane Philson, ONE’s EU Deputy Director

TAGS: Agriculture, EU Billion, European Union, ONE Members, Policy News

 

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