G8 Summit “L’Aquila” Joint Statement on Global Food Security
The heads of state as well as government, international and regional organisations approved the L’Aquila Initiative on Global Food Security on 10 July 2009.
Their objective is to invest US$20 billion in three years to encourage rural development in developing countries. The fund’s initial investment will be US$15 million. The declaration comes at a time when the combined effects of long-standing underinvestment in agriculture, price volatility and the economic crisis have led to increased poverty and hunger in developing countries. According to the UN, the number of malnourished people has risen over the past two years, reversing a four-decade trend of declines. The announcement was an opportunity for leaders to further promote the development of a global partnership focused on agriculture and food security with the aim of prioritising the importance of agriculture on the international agenda, launching new investments and improving the efficiency of aid programs and regional coordination by involving all the partners. Every country represented in L’Aquila subscribed to the initiative.
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