The United Nations World Food Program (WFP) recently announced the onset of a global food crisis and the urgent need of donors. Meanwhile, the WFP sits on a cash and near-cash stockpile of more than $1.22 billion.

Fox News reports that, “the startling figure is contained in the latest audited statements of the WFP, which were endorsed by WFP’s executive director, Josette Sheeran, on March 31; just a month before Sheeran announced at an international aid conference on April 22 that a ‘silent tsunami’ in rising food prices demanded the huge infusion of cash for the WFP’s latest budget.”

The International Tribune printed an op-ed article written by UN Secretary General Ban Ki-moon. He claimed the WFP had just $18 million in cash-on-hand in the wake of its appeal for emergency funding.

The audited statements will be presented to the annual Rome meeting of the WFP’s supervisory executive board in June.

To read the entire article from Fox News, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Comments (0)

Comment	smaller | bigger
Name
Write the displayed characters
Subscribe via email (Registered users only) I have read and agree to the Terms of Usage.
	Add Comment