Saudi Arabia made an impressive $500 million donation to the United Nations World Food Program, the UN announced Friday.
The country, benefiting from high oil prices while many others feel the pinch, is doing its part to help assuage the developing global crisis caused by rising food prices. The effects have been seen all over the world. In Mexico, the government is preparing for a backlash against rising tortilla prices, in Suburbia, USA, big box stores have rationed staples, and in Haiti the government collapsed over the crisis.
Saudi Arabia produces 9 million barrels of oil a day and oil prices have now topped $130 a barrel. You don't even have to do the math to know that's a whole lot of revenue.
The UN World Food Program, the world's largest humanitarian operation, set a goal of $755 million to be raised by all its member agencies. Thirty-two countries added to the Saudi donation, contributing a total of $960 million, exceeding the target significantly. Hopefully the money will quickly help the 130 million of people in hunger as a result of rising food prices.
Claudio Merazzi
Cross Jeanswear Co.
Jil Sander
very generous of them
1however i can't hekp but wonder if there is some sort of underlying motive here
help*
2that's nice of them!!
3I'm not going to speculate If there is any sort of motive behind the donation. I am glad to see they are using some of the extra money they are bilking America out of towards the betterment of the rest of the world.
4So now the world is dependent on them for oil and food?
5Just oil. They are trying to improve their image by donating money so the UN can buy food.
6That's good. Are they donating 500 million each week? or each month?
7It looks like neither. It's just a one time $500 million donation.
8Post New Comment
Please share your opinion with our community, but make sure it is on topic and follows our Community Rules. We moderate comments and prohibit personal attacks, threats, spam, lewd images, or the promotion of your personal website.