Posted: Wednesday, November 17, 2021. 9:57 am CST.
By Benjamin Flowers: The World Food Program (WFP), the food assistance arm of the United Nations, has provided a breakdown for billionaire Elon Musk of how a donation of $6 billion could help fight world hunger, reports The Hill.
Last month, WPF Director David Beasley said that the one-time donation from billionaires like Musk, who is currently the world’s richest man, and Jeff Bezos, CEO of Amazon, would help some 42 million people who are facing the real possibility of death by starvation. Musk replied to Beasley’s tweet, saying that if he could be shown a comprehensive breakdown of how the money would be spent, he would sell stocks in his company Tesla, and make the donation. Musk also gave the condition that the accounting must be open source and available to the public so that there would be transparency with the use of the funds.
On Tuesday, Beasley replied with a link to the WFP website which contains the proposal “A one-time appeal to billionaires” which contains a financing plan.
That plan explained that: US$3.5 billion would be used for food and its delivery, including the cost of shipping and transport to the countries; US$2 billion would be used for cash and food vouchers (including transaction fees) in places where markets can function; US$700 million would be used for country-specific costs to design, scale up and manage the implementation of efficient and effective programmes for millions of tons more food and cash transfers and vouchers; and US$400 million would be used for global and regional operations management, administration and accountability,
The WFP went into further details on the site. Musk has not yet responded to the breakdown.
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