Wednesday, September 24, 2008

Purchase for Progress

Gates Foundation to Fund Experimental Food Aid Program

"UNITED NATIONS, Sept. 24 -- The world's largest philanthropy on Wednesday announced an initiative to transform the way the U.N. World Food Program purchases food by helping poor, small-scale farmers in undernourished countries of Africa and Latin America sell their surplus crops at competitive prices.
The Purchase for Progress program is designed to help combat hunger and poverty in the developing world by giving farmers, many of them women with little or no access to commercial markets, opportunities to reach reliable buyers, including the World Food Program. In a five-year pilot period, the $76 million program hopes to increase the incomes of 350,000 such farmers in 21 countries, including 15 in sub-Saharan Africa."

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