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Saturday, May 24, 2008

Saudia Arabia donates $500 million to UN World Food Program


UNITED NATIONS - After making huge profits from the soaring oil prices that have helped drive up the cost of food, Saudi Arabia announced yesterday it was making what the United Nations is calling an "unprecedented" gift of $500 million to the World Food Program.


But the Saudi pledge far outstrips the $109 million Canada has given to WFP so far this year, and more than meets the target of the program's April appeal following price increases of as much as 50 per cent for wheat, rice and other staples.

"This contribution completes the World Food Program's appeal target of $755 million to respond to the rise in fuel and food costs," UN spokeswoman Marie Okabe said.

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