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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.

Oxfam welcomes the work of the Global Sovereign Debt Roundtable (GSDR) to build consensus on a set of rules to expedite debt restructuring exercises. This note lays out Oxfam’s views on the GSDR’s agenda, in response to the latest GSDR’s progress report of October 2023. 

Inequality is spiralling out of control, but consensus on how to address it is gathering pace. Following on from the success of last year’s symposium about Africa’s extractives industry and illicit financial flows, Oxfam and the University of Oxford are coming together again to examine the causes and consequences of uneven economic growth and rising inequality in the global South, while assessing policy solutions and charting a way forward for equity, democracy and social stability.

Anna Marriott, Oxfam Health Policy Manager and Policy co-lead for the People’s Vaccine Alliance said: "The 2021 Global Health Summit ended today in danger of being judged an historical failure of global solidarity to tackle a Covid-19 pandemic that is still, around the world, in its first expanding phase and yet to peak."

The slight decrease in development aid spending in 2017 is bad news for the fight to end poverty and reduce inequalities, said Oxfam today in response to the publication of new aid figures by the Organisation for Economic Cooperation and Development (OECD).

Reacting to the GRFC 2024 report, Oxfam Global Food and Economic Security Lead, Emily Farr, said: “The global hunger crisis is fundamentally a moral crisis. It is unforgivable that over 281 million people are suffering acute hunger while the world’s richest continue to make extraordinary profits, including the same aerospace and defence corporations helping to fuel conflict, the main driver of hunger.  

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. 

What are the barriers to ensuring that a living wage is paid, and what are the root causes of low wages?

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.

Credit Suisse’s annual Global Wealth Report, published today, reveals that wealth inequality continues to grow; the top 1 percent now own 48.2 percent of global wealth, up from 46 percent last year. Meanwhile the bottom half of humanity own just 1 percent of wealth.Their research reveals that before the financial crisis wealth inequality fell slightly in some countries, but since…