Today the European Parliament gave the green light to the European Markets Infrastructure Regulation (EMIR) designed to regulate shady ‘over the counter’ (OTC) derivatives. NGOs welcomed the introduction of clearing and reporting obligations for these financial products as a crucial step towards regulating vital agricultural commodity derivatives markets.
African governments must provide at least US$50 million in emergency funds for the worsening food crisis in the Horn of Africa, says a new report by the “Africans Act 4 Africa” campaign, signed by 12 Pan African networks.
Yet again, millions of Kenyans are staring hunger in the face as a result of a severe drought and increasing fuel and food prices. Oxfam is expanding our water and sanitation programs, distributing food, providing cash for work, and helping protect livestock.
The election of a Director General of the Food and Agriculture Organization (FAO) must kick start a new era for the organization if it is to play a leading role in the fight against high and volatile food prices and growing hunger, said Oxfam today.