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Hungary Agrees to Host World Food Program Finance Center

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Photo by monticello / Shutterstock.com

The World Food Program (WFP), an international organization within the United Nations that provides food assistance around the world, is bringing its global finance center to Budapest, enhancing Hungary's role in the fight against hunger, Minister of Foreign Affairs and Trade Péter Szijjártó said in Rome on Tuesday, after a meeting with WFP head David Beasley, state news wire MTI reports.

In a statement issued by his ministry, Szijjártó said an agreement on the move was signed after a series of negotiations lasting several months and will be submitted to lawmakers for ratification in the coming week.

The center could start operating in the spring with a staff of 80, he added.

Around 70% of the WPF's financing of its global activity would go through Budapest.

Szijjártó said the state of Hungary would commit to covering the operating costs of the center for a period of 15 years.

He noted that a number of UN organizations already have regional or global centers in Hungary.

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