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G20 leaders met for the second time in London on 2 April, as the global economic crisis began to crash across the borders of poor countries with ever-greater severity.

The world can halve global hunger within five years says a new Oxfam report launched today. The launch of the report coincides with an announcement by the UN Food and Agriculture Organization that the number of hungry people worldwide has dropped to 925 million in the past year.

The world spent yearly an estimated $112 billion on arms imports between 2018-2022, even as 9,000 people die each day from hunger driven primarily by conflict. The top five-arms exporters – the USA, Russia, France, China and Germany - which account for over three-quarters of the global arms trade, together sold an estimated $85 billion worth of arms yearly.  

A global bank tax to help poor countries survive the economic crisis must be urgently agreed, Oxfam said today ahead of the G20 meeting of finance ministers in Busan, South Korea.

As UNGA77 kicks off, Oxfam experts are engaging with a delegation in New York along with remote participation. Oxfam experts will be focused on issues including Hunger and the Global Food System, Climate Justice, the crisis in Yemen, Ukraine, COVID-19 recovery, Inequality, Education, and more. 

On the eve of technical talks to thrash out the final details of the OECD tax deal ahead of the G20 Finance Ministers meeting next week, Oxfam is calling for world leaders to bring fairness and ambition back to the table and deliver a tax plan that won’t leave developing countries with next to nothing. 

Half the world’s food is lost as waste and a billion people – one in every six of the world’s poorest – cannot access enough of the other half and so go hungry every day. Our leaders have another chance to put that right.

“The G20 reiterated previous commitments to reduce inequality, boost the participation of women in work and phase out inefficient fossil fuel subsidies. The G20 said they would draw up a proper response to the refugee and migrant challenge next year, which is too late. The world needs urgent action now, not more words.”

The G20’s promise to pursue inclusive and sustainable growth is welcome, but its response to the Ebola crisis is dangerously inadequate.

A year on since the UN warned of “famines of biblical proportions”, rich donors have funded just 5 percent of the UN’s $7.8bn food security appeal for 2021. More than 200 NGOs published an open letter today calling upon all governments to urgently increase aid to stop over 34 million people, from being pushed to the brink of starvation this year.