The World Bank stated that in an action to help ensure vital food security it will increase its support for agriculture to 12 billion dollars in 2009 from $4 billion allocated in 2008.
The World Bank announcement said:
Increases over this two-year period include a near doubling in agricultural support to Africa from 450 million dollars to 800 million dollars, and to Latin America from 250 million dollars to 400 million dollars, while supporting more than 1 billion dollars in new projects in agriculture and rural development in South Asia.
The triple increase in support is driven by the World Bank’s desire to boost agricultural productivity and production following last year’s world food crisis.
Dear Sir or Madam,
I am very impressed with the current increment World Bank made on their budgetary line in order boost agricultural productivity in the world. This is timely and fit for the purpose it is intended.On that note, let me say a big congratulations to World Bank and thank you for your acute foresight for having the interest of world at heart.
National Agricultural Research Institute (NARI)
PMB 526, Serrekunda