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Apr 22, 2010

Canada Pledges Funding For New Green Revolution

United States, Canada, Spain, and South Korea
launch a new global agricultural initiative,
representatives include Bill Gates, Canadian Finance
Minister James Flaherty, U.S. Treasury Secretary
Tim Geithner, U.S. Agricultural Secretary Tom Vilsack,
Spain’s Finance Minister Elena Salgado, South Korea’s
Finance Minister Yoon Jeung-Hyun, and
World Bank President Robert Zoellick

Photo: AFP
The Globe and Mail reports that Canada has pledged $230 million to support a new Green Revolution for poor farmers in the developing world.

This Canadian financial pledge is part of the new initiative unveiled by U.S. Secretary of the Treasury Timothy Geithner and Microsoft CEO Bill Gates.  It is also part of the international development aid pledged in July 2010 at the last meeting of the G-8 countries in Pittsburgh.  The funds will be used to set up a new Global Food Security Trust Fund.

Bill Gates pledged $30 million from the Bill and Melinda Gates Foundation to launch the new fund.Other contributions include $475-million from the United States, $95 million from Spain, and $50 million from South Korea equaling a total of $885 to launch the fund.

The fund plans to start distributing funds before the end of 2011.  The mission of the new global trust fund is to reverse a steady decline in agricultural development funding in the last 30 years.


For more see: Koring, Paul.  "Canada vows $230-million to bolster ‘Green Revolution’ among poor farmers," The Globe and Mail, 22 April 2010.

About Margaret


CEO and Curator (The Food Museum) | Managing Director and Chief Editor (GR2 Global LLC) | Educator (UCLA PhD) | Researching and writing on global food issues, nutrition and health, sustainability, history (preservation), conservation (natural resources), and design.
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