GCC, US announce billions of dollars for food security at Arab summit

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GCC, US announce billions of dollars for food security at Arab summit
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Gulf Cooperation Council and US pledge to provide $11 billion in support to overcome regional and international food security challenges, according to Saudi Arabia’s state media

President Joe Biden attends the Gulf Cooperation Council Saturday, July 16, 2022, in Jeddah, Saudi Arabia.

Members of the Gulf Cooperation Council and the US announced that they will provide $11 billion in support to overcome regional and international food security challenges. The US welcomed the "decision by the Arab Coordination Group , which includes 10 Arab and national specialised financial developmental institutions, to provide a minimum of $10 billion in response to food security challenges," according to Saudi Arabia’s state news agency, SPA, that cited a statement by the GCC and the US following a US-Arab summit in the Saudi city of Jeddah.

Saturday's statement said GCC countries welcomed the US announcement of $1 billion in new near- and long-term food security assistance for the Middle East and North Africa region.

US President Joe Biden concluded a four-day trip on Saturday to the Middle East region that included stops in Saudi Arabia, Israel and the West Bank.A summit was held on Saturday and was attended by Biden, leaders of the GCC countries, Egypt, Iraq and Jordan.

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