President Obama announced at the G-8 Summit that more than 45 international and African companies have committed more than $3 billion for specific agricultural investments. This is new money provided by the private sector. The U.S. government has contributed $301 million to the Global Agriculture and Food Security Program of its pledge of $475 million. Leaders from Ghana, Tanzania and Ethiopia launched the New Alliance with the G-8 at the Camp David Summit. Those three countries will be among the first to benefit from the initiative. The program is expected to expand rapidly to Mozambique, Burkina Faso, and Cote d'Ivoire.
Click here for more information on the New Alliance.