Oil producing states and industrialised nations on Tuesday (19 January) settled their quarrel over contributions to a 1.1 million dollar fund to improve food production in developing countries.
GV Sign reading International fund for Agricultural Development, (IFAD) ZOOM OUT front of building.
SV Italian foreign Minister Emilio Colombo greeted by IFAD President Abdelmushin al-Sudeary.
GV INTERIOR Delegates seated in conference hall. (2 SHOTS)
SV Delegates applaud as new Chairman Emilio Colombo speaks. (2 SHOTS)
SCU IFAD President speaking.
TRANSCRIPT: SEQ. 5: ABDELMUSHIN AL-SUDEARY: "The situation is particularly serious in Africa, where per capita production fell by ten per cent in the past decade. I think that the brunt of this problem falls heavily on those ho suffer from malnutrition, who have been estimated to be at least 500 million. There is a real need to concentrate on solving the problem of food as a whole, but at the same time to concentrate on increasing the productivity of the small farmers and to raise the standard of living of those people."
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Background: Oil producing states and industrialised nations on Tuesday (19 January) settled their quarrel over contributions to a 1.1 million dollar fund to improve food production in developing countries. The International Fund for Agricultural Development (IFAD), a United Nations agency established in 1977 said it could now proceed with plans to lend the money to farmers in developing countries. Countries of the Organisation of Petroleum Exporting Countries (OPEC) will pay 450 million dollars over the three year period 1981 - 1983. Developed states of the Organisation for Economic Co-operation and Development (OCED) will give 620 million dollars. The settlement ended two years of disagreement. Since it was set up, the fund had allocated 1.26 million dollars in loans and grants to the rural poor. The meeting in Rome, also elected a new Chairman, Foreign Minister Emilio Colombo of Italy. Before the meeting, IFAD President Abdelmushin al-Sudeary, made a plea for aid for the rural poor, especially in Africa.