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 (WFP) 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 WFP’s executive director, Josette Sheeran, on March 31, 2008 — 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 WFP’s latest budget.
In an op-ed article published in the International Herald Tribune on May 1, U.N. Secretary General Ban Ki-moon further declared that the WFP had just “$18 million cash in hand” in the wake of its appeal for emergency funding.
The audited statements are due to be presented to the annual Rome meeting of WFP’s supervisory executive board in June.
Do read on...
Ban is definitely a worthy successor to Kofi. I wonder out loud again - where does all this money go? When food is actually distributed to the "poor" - how much of that goes to the Middle East? How much to Gaza?
On Thursday, President George W. Bush called on Congress to add $770 million in new international food aid to some $350 million in new aid he announced after WFP announced the “silent tsunami” crisis.
I thought Bush was a republican - I thought this country is in the highest deficit ever recorded, the economy is in crisis. WFP isn't feeding the poor - it redistributes America's non-rich's hard earned cash to the hands of the UN's fat cats and some of the world's least deserving nations - the Arabs.
An image of a chubby hungry WFP food receiver in Gaza
Here's an article from BBC playing the world's tiniest violin for Arabs who can't afford food - but can afford explosives, guns, ammo, TV stations and equipment, brag about murdering Jews, desecrate synagogues but whine about mosques no one even threatens, world domination ambitious, free Electricity-Gasoline-Food poor Gazans.
5/9/08 - From Fox News: A Gulf in Giving: Oil-Rich States Starve the World Food Program
Like I keep saying - there's something wrong about how the WFP works, and the relationship between Gulf States, WFP and Gaza is disturbing.