1945

Food and external assistance to agriculture

Official external financing commitments for agriculture declined sharply in 1987, to an estimated US$13 400 million (7 percent or $1 000 million less than in 1986). This decrease, however, must be seen in the light of exceptionally high commitments made by the World Bank in the previous year, 1986 ($5 500 million). Most other multilateral donors increased their activity somewhat in 1987, while preliminary data on bilateral aid commitments indicate a small decline. Total official dollar commitments were nearly 8 percent higher in 1987 than the average for 1984-86, but in constant 1980 prices they decreased by 14 percent, reflecting the weakness of the US dollar in 1987.

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