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Global food prices will more than double within 20 years, as a new age of crisis forces the collapse of our global food system.

The European Union has adopted a new approach to foreign policy dubbed the “Global Gateway,” supported by a new European Financial Architecture for Development (EFAD). These policies are a direct response to the state of permacrises that the world finds itself in. It seeks to inject 180-300 billion euros over a period of six years into the EU’s partner countries in the form of infrastructure projects, a green transition and digitalisation. 

The international development agency said global food prices will more than double within 20 years as a new age of crisis forces the collapse of our broken global food system, said Oxfam today.

With its new long-term budget, the EU missed a chance to put itself at the forefront of a fair and green recovery from the coronavirus pandemic, Oxfam said today.

The European Commission has published details of its planned foreign affairs spending for 2021-2027. While there are some positive points which we welcome, there is a risk that aid money can now be used for inward-looking policies on migration and security, rather than long-term sustainable development.

Oxfam joins world leaders, civil society and people around the world to celebrate the adoption of the Sustainable Development Goals by world leaders at the United Nations, but cautions that progress toward them must be tangible, political and disruptive. 

Nigeria and Singapore are among a group of governments that are fueling inequality, according to a newly released edition of the Commitment to Reducing Inequality Index developed by Oxfam and Development Finance International.

The recovery fund and long-term EU budget agreed today do not match the urgency of our current situation and the challenges ahead, said Oxfam.

This global tax platform represents a step in a long road towards building a fairer and more transparent global tax system. The platform must be able to deliver tangible results and combat inequality, but most importantly, it must give the poorest countries a voice.

Within hours of Oxfam International’s Executive Director Winnie Byanyima declaring at the UNGA that the glory days for tax havens are over, the International Consortium of Investigative Journalists has released a damning exposé pointing the finger at the Bahamas for tax abuse.