WB provides new loans to help deal with food crisis
Source: SPECIAL CORRESPONDENT May 31, 2008 WASHINGTON - The World Bank said here Thursday that it will provide extra 1.2 billion dollars in grants and loans to help overcome the global food crisis.
To address immediate and longer-term food challenges, the Bank said it will boost its overall support for global agriculture and food to 6 billion dollars next year, up from 4 billion dollars in 2008, and will launch risk management tools and crop insurance to protect poor countries.
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