Africa: Funding Begins Flowing for Agriculture
Inter Press Service (Johannesburg)
1 September 2010
Windhoek — The Comprehensive Africa Agriculture Development Programme (CAADP) has received a major boost as several countries have begun drawing on funds from a $22 billion pledge made by the G8.
Under CAADP, African governments are committed to increase their national budget expenditure on agriculture to at least 10 percent. The Programme, agreed by heads of state at the 2003 summit of the African Union, expects a six percent growth rate in agriculture every year.
Dr Nalishebo Meebelo, the Country CAADP Process Facilitator at the Common Market for Eastern and Southern Africa (COMESA), told IPS that the overall goal of CAADP is to help African countries achieve food security and higher economic growth through agriculture-led development
Meebelo said leaders at the G8 Summit held in L’Aquila, Italy in 2009 pledged to raise over [continue reading]