from the Boston Globe
PHNOM PENH, Cambodia --The Asian Development Bank announced Wednesday $35 million in emergency food aid to ease the burden of soaring food prices among some of Cambodia's poorest people.
The assistance will provide free rice, seed and fertilizer to 500,000 Cambodians, the poorest of the poor among the country's 14 million people, the bank said.
The recipients include slum residents in the capital, Phnom Penh, and farmers in seven provinces around the country's Tonle Sap lake.
"When the food price inflation spike came, these communities were already in a fragile state. It drove them more sharply over the edge into food poverty," said Arjun Goswami, the bank's country director.
The program will run through September 2011.
Over the past year rice prices in Cambodia have doubled, the ADB said in a statement. It added that the price of meat and fish has risen 30 to 50 percent, and farmers have been hit hard by an almost tripling in fertilizer prices.
About one-in-three Cambodians live below the national poverty line of just 45 cents a day.
Mahfuz Ahmed, the bank official in charge of the food project, said that of Cambodia's 14 million people, about 2.6 million sometimes go hungry and suffer from malnutrition.
Link to full article. May expire in future.
Puerto Rico Religious Leaders Call for Bankruptcy Ahead of "Vulture Fund" Deadline - By Greg Williams Before May, protections expire that shelter Puerto Rico from debt lawsuits and predatory financial groups popularly known as "vulture" fun...
1 hour ago