Our Awful Situation

U.N.’s World Food Program Cried Poverty While Sitting on Cash Stockpile of More Than $1.22 Billion

Posted by Charlie Kilo on May 3rd, 2008

Just weeks before it announced the onset of a global food crisis and the urgent need for donors to provide at least $775 million in additional funding, the World Food Program was sitting on a cash and near-cash stockpile of more than $1.22 billion.

The startling figure is contained in the latest audited statements of the WFP, which were endorsed by the 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.

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Our Awful Situation

U.N.’s World Food Program Cried Poverty While Sitting on Cash Stockpile of More Than $1.22 Billion

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