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May 19, 2012

G8 to Support Partnership with Developing Nations

Ghana together with Ethiopia and Tanzania are to benefit from more than a three billion dollar package by the Group of Eight industrialized countries.

Under the New Alliance for Food Security and Nutrition, more than 50 million people are targeted to be lifted out of poverty over the next 10 years.

Announcing the package at a symposium in Washington DC, President Barrack Obama said since the L’Aquilla summit in Italy three years ago, the G8 has mobilized more than 22 billion dollars to help address food security, global hunger and malnutrition.

The leaders of the G8 demonstrated commitment and sincerity in supporting Africa and the rest of the world to tackle chronic hunger and malnutrition.

Under the New Alliance for Food Security and Nutrition, the funds will be used to assist Ghana, Ethiopia, Tanzania and others through public-private partnership to enable them to drive effective country–led plans and policies for food security and nutrition.

President Obama said this will raise incomes of smallfarmer holders and reduce poverty.

He said as the G8 meets today at Camp David, in Maryland, food security and nutrition will be a major agenda in spite of other global challenges.

President Obama said the aim of the G8 is to stop providing aid but support partnership with developing nations, which will enable them to tackle poverty and live in dignity.

The UK Secretary of State for International Development, Andrew Mitchell said though getting 50 million people out of poverty over the next ten years is ambitious, it is achievable. He said Africa has great potential in agriculture but the lack of investment has been a major drawback.

Mr. Mitchell said the UK will fulfill all her financial commitments to ensure that the New Alliance succeeds.