Wednesday, September 03, 2003

New from ENN,

Wednesday, September 03, 2003
By Anthony Boadle, Reuters


HAVANA — Leaders from Africa and the Caribbean agreed Tuesday on financing for their efforts to stop the alarming loss of fertile lands that threaten to turn farmlands into deserts and cause famines.

Heads of governments from 10 nations attending a meeting of the United Nations Convention to Combat Desertification (UNCCD) agreed to adopt the Global Environment Facility as its main source of funding.

The GEF, set up in 1991 to preserve biodiversity, reduce risks of climate change, and clean up international waters, has $500 million available for grants over the next three years to pay for projects to arrest land degradation.

The facility funded by 34 donors, mainly industrialized nations, will provide grants, but the projects are chosen and executed by the World Bank, the U.N. Development Program, and the Food and Agriculture Organization.

Drought and desertification resulting from deforestation and overgrazing have reached alarming levels and threaten the food security of more than 1 billion people around the world who depend on the land for a living...(REad on in: Poor nations agree on financing to stop deserts

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