and-long-term strategy to launch agricultural investment initiatives aiming at development and enhancement of agricultural products in countries that have the prerequisites for agriculture. The Kingdom of Saudi Arabia has agricultural experience, technology, and capital to invest in this area. The initiative is not only limited to buying land or even leasing them, but it also includes technology transfer and exchange of experience, and development of agricultural companies, and other steps that would contribute to increasing agricultural crops and providing food to the world in order to alleviate the crisis. Thirdly: We have been working to strengthen international cooperation to solve the crisis through our call at the Jeddah Conference to launch the "energy for poor" initiative to enable developing countries to meet the increasing energy costs. We called on the World Bank to hold a meeting as soon as possible for donors'countries, as well as regional and international financial institutions, to discuss this initiative and put it into effect. We proposed to the Council of Ministers of the OPEC Fund for International Development to meet and consider the adoption of a parallel program and allocate one billion U.S. dollars to it. Saudi Arabia announced its readiness to financially contribute to these programs within the framework to be agreed upon. Also, we have allocated $500 million U.S. dollars of low-interest loans through the Saudi Development Fund to finance projects that help developing countries obtain energy and initiate other development projects. Undoubtedly these objectives require efforts from all countries of the world. --MORE
