unitex@rubbs.fidonet.org (unitex) (09/24/89)
BELGIUM: FIRST COUNTRY CONTRIBUTES TO THIRD REPLENISHMENT OF IFAD
Posting Date: 09/24/89 Source: UNITEX Network, Hoboken, NJ, USA
Host: (201) 795-0733 ISSN: 1043-7932
ROME, 21 September (IFAD) -- The Government of Belgium announced
yesterday its decision to pay $3.2 million (123 million Belgian
francs) as part of its contribution towards the Third
Replenishment of the financial resources of the International
Fund for Agricultural Development (IFAD). Belgium becomes the
first contributor in the group of Category I countries to take
this early action towards replenishing the Fund's resources.
This represents one third of the total expected contribution
from Belgium.
In a telegram, Antoine Saintraint, representative of Belgium to
the Food and Agriculture Organization (FAO), expressed hope that
the other members of the Fund would rapidly follow suit.
Welcoming Belgium's decision, IFAD's President, Idriss Jazairy,
cited it as a moving example of North-South co-operation,
demonstrating Belgium's continued commitment to third world
self-help development efforts.
At the reconvened session of IFAD's twelfth Governing Council,
Category I countries pledged to contribute $186.6 million to the
Third Replenishment, as well as to match with additional
contributions of three to one those of Category III members.
Non-oil exporting developing countries of Category III have so
far pledged $63.8 million towards IFAD's total resources. The
Category II Organization of Petroleum Exporting Countries (OPEC)
member States have pledged $124.4 million, with the
industrialized countries expected to cover the remainder of the
total estimated at $566.3 million.
To date, the Fund has been successful in mobilizing $10.5 billion
from particular recipient Governments and bilateral donors. More
than $2.6 billion has come from its own funds. The purpose of
the Third Replenishment was to renew these in-house resources in
order to ensure IFAD's continued capacity to finance projects in
the most needy areas of the world.
* Origin: UNITEX --> Toward a United Species (1:107/501)
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Patt Haring | United Nations | FAX: 212-787-1726
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