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Responding to an announcement by the FAO that global food prices remained steady during April but cereal prices have gone up by as much as 5.5% since March, Luca Chinotti, Food Policy Advisor for O

In response to the Food and Agriculture Organization’s announcement that global food prices slightly decreased last month, Oxfam’s policy advisor Luca Chinotti said: 

Responding to the official launch today of the Global Alliance against Hunger and Poverty proposed by Brazil’s G20 presidency, Oxfam Brazil’s Director of Programs, Advocacy and Campaigns Maitê Gauto said: “The Global Alliance Against Hunger and Poverty could be a turning point in the battle against hunger and extreme poverty. Sharing proven policy solutions like cash transfers and school meals is crucial, but the Alliance must go further still by prioritizing transformative agriculture, racial and gender equity, land rights, and small-scale farming. It must also urgently address the devastating impacts of climate change on food systems in the Global South and confront the weaponization of hunger. Only by embracing these deeper, structural changes can we hope to tackle the root causes of hunger and poverty effectively."

Oxfam welcomes the G20’s attention to the sovereign debt crisis in the Global South, but warns about the risks involved in the G20’s approach to resolve it, outlined in more details in the IMF and World Bank Non-Paper on Actions to Support Countries Faced With Liquidity Challenges.  We strongly support the approach’s aim to significantly increase the net flow of resources to the Global South to back ambitious, country-owned national development and climate strategies. We urge the G20 to adopt several elements of the plan, including increasing bilateral grants, reviewing relevant IMF policies, increasing IMF and multilateral development banks’ resources including but not limited to a generous IDA21 replenishment, and redoubling efforts to promote effective and equitable domestic resources mobilization.

The G20's sticking plaster approach falls well short of the major surgery that is needed to tackle the global food price crisis said Oxfam at the close of the Agriculture Ministers Meeting

Responding to the G20 Finance Ministers’ meeting today, Nadia Daar, Head of Oxfam’s Washington DC Office, said: "The G20 is not delivering on its promise to rebalance the global economy and provide major relief. It has simply extended a freeze on bilateral debt-service payments through year-end, pushing the can down the road once again. If debt cancellation is not part of the solution, the world’s poorest countries will continue to struggle to cope with the pandemic and its devastating effects.   

The coronavirus pandemic is fast pushing developing countries toward a debt crisis that would be catastrophic for their fight against poverty, with the likelihood of multi-billion-dollar defaults that will hurt the entire global economy, warned Oxfam ahead of the G20 Finance Ministers’ meeting this weekend (July 18-19).  

A broken food system and environmental crises are now reversing decades of progress against hunger according to new Oxfam analysis. Oxfam today launches a new global campaign for a hunger-free world.

The amount of wealth that the G20’s own billionaires made just last year – $2.2 trillion – would have been more than enough to lift 3.8 billion people out of poverty, says Oxfam. 

In reaction to the G20 communique, Oxfam International Head of Inequality Policy and Advocacy, Max Lawson said: “This is the first ever meeting of world leaders, in history, where the inequality emergency was put at the centre of the agenda. This is testament to South Africa’s leadership – one that put the billions before the billionaires.”