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A Eurozone breakup could cost the world’s poorest countries $30 billion in lost trade and foreign investment, international agency Oxfam has warned ahead of the G20 leaders meeting in Mexico to discuss the state of the global economy.

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Responding to the commitments made by the G20 today to combat the Coronavirus, Chema Vera, Oxfam International’s Interim Executive Director, said: “On the day that Imperial College London has warned that close to 40 million lives could be lost without urgent action, the world’s richest governments are still only warming up to the scale of the task.

Oxfam reaction to the “1000 Days to Improve Child Nutrition” MDG Summit side event, co-hosted by US Secretary of State Hillary Clinton and Micheal Martin, Irish Foreign Affairs Minister:

The Food and Agricultural Organisation's Food Price Index has today revealed that global food prices have remained at peak levels.

G20 countries are receiving $136 million every day in debt repayments from the world’s poorest countries at a time when up to 828 million people are facing hunger.

Investors are targeting the world’s weakest-governed countries to buy land, according to new analysis published by Oxfam to mark today’s international day of action on land grabs.

After decades of underinvestment, governments in Africa are turning to partnerships with donor aid agencies and large companies or investors to develop the agriculture sector. But this so-called ‘mega’ public-private partnerships are unproven, risky and represent a dubious use of public funds to fight poverty and food insecurity. 

Robert Zoellick / the food crisis: Oxfam spokesperson Luc Lamprière said: 

A recent wave of large-scale land acquisitions and other commercial investment in agriculture has raised concerns that small-scale producers are being marginalized.