10th Anniversary of the World Food Program

10th Anniversary of the World Food Program

Year
1973
Face Value
1.15
Mint Value
-
Used Value
-
Print Run
500000
Themes
Events
The World Food Program (WFP), which was established in late 1961 jointly by the United Nations and the Food and Agriculture Organization (FAO), became operational in January 1963.
It is administered by an Intergovernmental Committee (IGC) composed of 24 members elected half by the United Nations Economic and Social Council and half by the FAO Council.
The program's resources are ensured by contributions that the participating States (members of the United Nations or the FAO or both in most cases) undertake to provide during the special conferences which are held every two years.
Contributions may consist of products (for human or animal food), services or cash. WFP assistance aims to promote the social and economic development of developing countries, but also to help those affected by natural disasters.
The objective of development assistance is to help beneficiary countries exploit their own resources. It is based on a true association and is not intended as a charitable act to which the beneficiary would in no way be required to respond with personal efforts to improve their situation.
The WFP's contribution consists of food aid granted to developing countries to enable them to achieve their economic and social objectives. The total amount of contributions provided between 1963 and July 1971 exceeded $793 million, of which approximately $744 million was committed or earmarked.
During the period from 1963 to the end of July 1971, 487 development assistance projects in 84 countries were approved and many of these projects will continue in the years to come. Since its creation, the participation of the World Food Program in the execution of economic and social development projects in Algeria amounts to 360 million dinars.