Voluntary approaches to increasing transparent and accountable management of natural resources wealth are making sluggish progress. The Extractive Industry Transparency Initiative must put in place additional mandatory disclosure rules.
At a moment where many look for ways to tackle the global economic crisis, the World Social Forum has set a clear message: “the weight of the crisis cannot fall on the shoulders of the poorest.”
Oxfam International is participating at the 9th World Social Forum in Belém, Brazil to help tackle the combined effects of the global economic crisis, rising food prices, and the effects of climate change in developing countries.
Urgent action is needed to prevent hundreds of millions more people slipping into hunger as a result of volatile food prices and increasing energy and water scarcity. Decades of underinvestment in agriculture coupled with the increasing threat of climate change mean the situation could get worse.
Oxfam welcomes the EU’s €1bn for the world’s poorest farmers, finally agreed to after long negotiations. Almost two thirds of the money represents new money for developing countries and this could provide a vital boost to help those hit hardest by the food crisis.
Ahead of a crucial meeting this Friday in Brussels to decide the fate of the proposed EU food crisis package, leading anti-poverty campaigners expressed their concern that no new resources will be used to address the situation of rising levels of hunger in the world.