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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:

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. 

The leadership of a handful of countries is masking the failure of the majority to deliver on their overseas aid promises, said Oxfam today in response to the publication of new figures for overseas aid spending by the Organisation for Economic Co-operation and Development (OECD).  “While total cash flows have plateaued, overseas aid has, yet again, fallen in real terms over the last year and less of this money is finding its way to the poorest and most vulnerable…

In 2005 the International Monetary Fund (IMF) introduced the Policy Support Instrument (PSI).

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

The global repercussions of the Ukraine crisis ―already being felt in fast-rising food, commodity and energy prices― could undermine official aid efforts to help people in other humanitarian hot-spots. 

International agency Oxfam warned that today’s announcement of the "New Alliance for Food Security and Nutrition" focuses too heavily on the role of the private sector to tackle the complex challenges of food insecurity in the developing world.

Food prices are a matter of life and death to many in the developing world.