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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.

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. 

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.

There has been a catastrophic failure by the international community to forge a global ceasefire in order for countries in conflict – and the world at large – to stop the coronavirus and save millions of lives, said Oxfam today.

Commenting on the publication of a new UN Report on the State of Food Security and Nutrition in the World, which highlights that 60 million more people are hungry today than they were five years ago, and three billion men, women and children – over a third of humanity – cannot afford enough healthy food to eat, Rashmi Mistry, head of Oxfam's Grow Campaign, said: "The UN report is highly alarming. It shows our global food system is unravelling at the seams."

With its new long-term budget, the EU missed a chance to put itself at the forefront of a fair and green recovery from the coronavirus pandemic, Oxfam said today.

The European Commission has published details of its planned foreign affairs spending for 2021-2027. While there are some positive points which we welcome, there is a risk that aid money can now be used for inward-looking policies on migration and security, rather than long-term sustainable development.

Millions of people face being displaced from their homes as new data shows land sales covering an area the size of Germany are now under contract, warns Oxfam.

The recovery fund and long-term EU budget agreed today do not match the urgency of our current situation and the challenges ahead, said Oxfam.

As 2020 draws to a close, the economic devastation caused by the COVID-19 pandemic shows no sign of abating. Our analysis shows that none of the social protection support to those who are unemployed, elderly people, children and families provided in low- and middle-income countries has been adequate to meet basic needs.