Delegates from 70 nations have met in Rome to discuss creating fund of 1,000 million dollars (560 million sterling) to help poor countries feed themselves.
Delegates from 70 nations have met in Rome to discuss creating fund of 1,000 million dollars (560 million sterling) to help poor countries feed themselves. But there are doubts that the full target will be met. However, UN Secretary General Kurt Waldheim who opened the conference yesterday (10 June) is confident a compromise can be reached between countries disputing their contributions.
SYNOPSIS: The dispute over contributions is between members of the Organisation of Petroleum Exporting Countries (OPEC) and industrialised nations. Mr. Waldheim, who travelled to Rome to open the conference, is confident the problem will be solved. Opec countries have promised 400 million dollars (224 million sterling) to the International Fund for agricultural Development (IFAD) provided indusTrialised nations put up the 600 million dollar (336 million sterling) balance. so far the industrialised world's contribution is till about 120 million dollars (68 million sterling) short. france and Italy are expected to contribute 25 million (14 million) each to narrow the gap. Mr. Waldheim stressed the importance of developing counties expanding their agricultural production to provide food for the future.