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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.

Oxfam today launched its largest ever appeal in Africa in response to a massive food crisis facing more than 12 million people across Ethiopia, Somalia and Kenya. The agency needs $80 million to reach 3 million people in dire need of clean water, food and basic sanitation.

A group of seven major international aid agencies said they face a shortfall of $89 million just when the South Sudan humanitarian crisis edges closer to the risk of famine.

The G7 must pursue windfall taxes on excess corporate profits including from those making huge returns from surging food and energy prices. The revenues can be used to fund an end to global hunger and to tackle climate change, says Oxfam.

Over a decade ago, developed countries committed to mobilize $100bn per year by 2020 to support developing countries to adapt and reduce their emissions. The goal is a critical part of the Paris Agreement. As 2020 draws to a close, Oxfam’s Climate Finance Shadow Report 2020 offers an assessment of progress towards this goal.

International agency Oxfam is airlifting 47 tonnes of vital water supply and hygiene materials to Somalia’s capital Mogadishu, as the aid community scales up its effort to bring relief to the drought-stricken country.

Oxfam spokesperson Caroline Pearce said: On economic growth:

Eric Mamboue Oxfam Country director in Mali said:

Nigel Timmins, who is heading up Oxfam's response to the Syria Crisis, said: “This announcement is long overdue.

Oxfam France Conflict and Humanitarian Advocacy Officer Nicolas Vercken said: “The debate about which countries are on or off the guest list risks becoming a distraction.