Millions of the world’s poorest people will face devastation from today’s rocketing food prices because the global food system is fatally flawed and policy-makers can’t find the courage to fix it. Developing countries are bracing themselves for the worst.
In the Sahel region, 18 million people can't get enough to eat. Let's stand together to repair the broken food system - fix the cracks to keep the house standing.
Global food prices will more than double within 20 years, as a new age of crisis forces the collapse of our global food system.
Oxfam’s food policy adviser Thierry Kesteloot said:
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.
Today’s EU Finance Ministers meeting inBrussels reached a deal to resolve disagreement on regulators’ powers over clearinghouses that will handle over-the-counter (OTC) derivatives.
About innovative financing for development and climate change
EU Finance Ministers today agreed their common position for the upcoming G20 Finance Ministers meeting on 14-15 October in Pa
Forty percent of the world’s hungry people lived in South Asia even before the food price crisis of 2008.