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7346803
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Statement by the President on the Articles of Agreement establishing the International Fund for Agricultural Development [Ford Speech or Statement]
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document
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1
Source metadata
id
7346803
sourceUrl
contentType
document
title
Statement by the President on the Articles of Agreement establishing the International Fund for Agricultural Development [Ford Speech or Statement]
citationUrl
collections
White House Press Releases (Ford Administration)
Press Releases
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7346803
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22
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1976-12-22
month
12
year
1976
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nara-archive
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document
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69e64c221050a3a6
ocrText
Digitized from Box 34 of the White House Press Releases at the Gerald R. Ford Presidential Library
FOR IMMEDIATE RELEASE
DECEMBER 22, 1976
OFFICE OF THE WHITE HOUSE PRESS SECRETARY
(Vail, Colorado)
THE WHITE HOUSE
STATEMENT BY THE PRESIDENT
I have instructed Daniel Parker, Administrator of the Agency
for International Development, to sign, on behalf of the United
States, the Articles of Agreement establishing the International
Fund for Agricultural Development. The Fund which has received
pledges amounting to $1 billion -- will provide financial assistance to
enable poor countries to increase their own food output. The U.S.
contribution will be $200 million.
The Fund is the product of a cooperative effort between the
industrialized and oil exporting countries to meet the needs of the
world's poor nations, which thus exemplifies the progress which
can be achieved by constructive international cooperation. The Fund
also received considerable impetus from theConference on International
Economic Cooperation, which has been meeting in Paris. The
United States remains thoroughly committed to cooperation among
developed and developing nations, oil importers and oil exporters,
to meet the problems of economic development and to build a
prosperous world economy from which all nations will benefit.
The United States was one of the earliest supporters of the Inter-
national Fund for Agricultural Development. In his speech to the
Seventh Special Session of the UN General Assembly in September
1975, Secretary of State Kissinger announced my intention to seek
a contribution to the Fund.
Throughout the planning for the Fund and negotiations with other
nations, there has been close cooper ation between the Executive
Branch and the Congress. This has enabled the United States to
maintain its leadership role and to make a substantial contribution
to helping the developing countries better meet their own food needs.
This is an important step toward the healthier and more prosperous
world which all nations seek.
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