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Without urgent action to relieve developing countries of all their external debt payments this year, and ensure they don't accrue into the future, the coronavirus could lead to millions of deaths and force half a billion more people around the world into poverty, said Oxfam today in response to the G7's joint statement on debt moratorium for poor countries.

At a time when one in seven people face a daily struggle to get enough food, Oxfam is calling on world leaders gathering in Turkey May 9-13 to seize the opportunity and help lift the most vulnerable nations out of poverty.

The UN could drastically reduce the 24,000 deaths occurring daily around the world from hunger-related causes, provided countries agree that it coordinates all the different initiatives to fight hunger.

Coal plants in the G7 are on track to cost the world $450 billion a year by the end of the century and reduce crops by millions of tons as they fuel the gathering pace of climate change.

Climate change could put back the fight against hunger by decades but our global food system is woefully unprepared to cope with the challenge.

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.

New Oxfam report "Reaching Tipping Point" says retreating glaciers and more extreme weather could dangerously erode food security, livelihoods and even regional stability by 2050 in Tajikistan.

If Europe were to rule out its support of biofuels by 2020, the region could lower its net imports of grain and oilseeds by up to 27 million tons, remarkably reducing its dependence on foreign goods. Global food prices could also drop significantly.

Today, EU leaders met in Brussels to discuss the implications of the Ukraine war on food security. In response, Hanna Saarinen, Oxfam EU food expert said:  “EU leaders must learn from this moment. Only by taking a step back and looking at the bigger picture, can they avoid copy-pasting the same policies which led to the food price crisis of 2007-2008, and which have led to the one the world faces today.  

The IPCC Working Group II report released today