WORLD BANK GLOBAL DEVELOPING COUNTRIES FOOD PRODUCTION INVESTMENT
February 1st, 2006
BY KEITH NUTHALL
WORLD Bank lending to food production projects in developing countries rose by 40% to US$2.1 billion in July 2004 to June 2005, compared with the previous 12 months. The bank said US$1 billion investment went on irrigation, especially in India, US$247 million on food research, US$94 million on agro-industry, US$95 million on boosting food trade, and US$32 million on animal production.
ENDS
WORLD Bank lending to food production projects in developing countries rose by 40% to US$2.1 billion in July 2004 to June 2005, compared with the previous 12 months. The bank said US$1 billion investment went on irrigation, especially in India, US$247 million on food research, US$94 million on agro-industry, US$95 million on boosting food trade, and US$32 million on animal production.
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