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World leaders have an historic opportunity to reform the global economy to ensure that the one in six people who live in extreme poverty benefit from economic recovery, international agency Oxfam said today ahead of the G20 summit in Seoul.

Growth is necessary but not sufficient to lift poor people out of poverty, international agency Oxfam said today as it published a briefing paper calling on the G20 to agree an historic new Seoul development consensus to help the world’s poorest.

Europe is trying to shirk its responsibility and pass the burden of dealing with the impacts of climate change onto the world’s poorest countries, Europe’s leading environmental and development groups warned today.

In response to the statement by the IMF Executive Directors Representing Brazil, Russia, India, China an

Land eight times the size of the UK was sold off globally in the last decade, enough to grow food for a billion people, or the equivalent to the number of people who go hungry in the world today.

The world’s leading economies must act now to stop the price of basic foods from surging further out of the reach of poor people. They must also commit to a Financial Transaction Tax (FTT) to help millions of people hit by the economic crisis and climate change.

When the G20 meets in Seoul in November 2010, it has a big choice to make.

Reacting to the conclusion of the European Council on the EU long-term budget, which is freezing EU anti-poverty aid at near current levels, Natalia Alonso, Head of Oxfam's EU Office, said:

President Obama's leadership has succeeded in setting a new tone that has instilled hope.... Now it is most urgent that the US and all nations work together to secure a better future.

As the Camp David G8 Summit winds down, international agency Oxfam criticized G8 leaders for failing to renew measurable funding and policy commitments to help address global food security.