• Short Summary

    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.

  • Description

    GV FAO building

    SV Mr. Waldheim arrives by car and enters building

    GV Delegates from Mexico, Morocco, Argentina, Sierra ???ne, Senegal, Somalia, ???, Sri Lanka, Sudan India (4 shots)

    ??? Mr. Waldheim seated and delegates listen (2 shots)

    CU Mr. Waldheim speaking

    WALDHEIM: "One of the most important perceptions to emerge from the World Food Conference was that no lasting solution can be found to the many economic problems facing the world unless there is a significant, long-term increase in agricultural production, a special emphasis on attainment of the higher rate of food production in developing countries."

    The conference marks the successful implementation of one of the major recommendation of the United Nations World Food Conference in Rome in November 1974. This called for the establishment of a fund to greatly expand the amount of confessional assistance to increase food production in developing countries. When in operation, the fund will strike directly at the heart of one of the most crucial elements in the world food situation -- the slow growth rate of food production in many developing countries. The fund marks the first time that oil producers and traditional donors from industrialised countries have come together to set up a fund. It is also the first time that the traditional donors have agreed to share control of a fund's operations equally with the oil producers and the third world recipient countries. If this week's conference goes smoothly, ending in signature of the agreement, it should be possible to put the fund into operation early next year after ratification by a majority of donor countries.

    Initials BB/1720

    Script is copyright Reuters Limited. All rights reserved

    Background: 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.

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