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G20 finance ministers met in St. Andrews, Scotland, on 7 November 2009. Oxfam reacts to their communiqué.

About Financial Transaction Tax (FTT) and innovative financing for development  

New figures released by the UN Food and Agriculture Organisation (FAO) show that the number of hungry people has risen for the third year in a row, mainly as a result of conflict and the climate crisis. However, despite the spiralling hunger and two global food price crises in a little over ten years, hunger has fallen off the political agenda.

  OXFAM REACTION: G20 finance ministers   Oxfam spokesperson Luc Lamprière said:   

EU finance ministers still cannot agree on decisive elements of a European Financial Transaction Tax - a missed chance for a strong signal to the climate summit in Paris.

New United Nations numbers show hunger affecting 11 percent of the world’s population.

Oxfam spokesperson Luc Lampriere reacting to President Sarkozy today:

In reaction to the European Parliament's plenary vote on the Financial Transaction Tax, Nicolas Mombrial, Oxfam’s EU Policy Adviser said:

Most analyses of violence in Darfur ignore the local dimension of the crisis, focusing instead on the region’s economic and political marginalization and climatic variability.

European Commission President Jose Manuel Barroso said today at the G20 that he expects agreement on a Financial Transaction Tax (FTT) to be reached soon.