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Russia’s absence from the G7 summit is a stark warning to Europe that political turmoil on its doorstep risks an energy price crisis, at the same time as the effects of climate change on food imports could drive up costs.

The International Monetary Fund’s (IMF) gold holdings have increased in value by $19.3 billion since the start of the global coronavirus pandemic, said Oxfam today. 

Today, EU member states have proposed a spending increase of 10 percent in 2019 for the EU’s external policies compared to this year’s budget. However, governments are focusing on the wrong issues, Oxfam, Save the Children, DSW and IPPF EN say. The organizations argue a strong focus on human development is needed to counter increasing inequalities and make sure no one is left behind.

In their Deauville Accountability Report, the G8 has massaged the figures, claiming to have delivered almost US$49 billion of the promised $50 billion. But according to the OECD, responsible for measuring the official aid figures, the G8 have delivered just $31 billion.

As the COP19 climate talks start, poor countries are being left with little idea about what money is available to help them cope with climate change because of murky accounting and a lack of transparency by rich countries.

The military coup in Burkina Faso late January made headlines. The registration that same month of over 160,000 newly displaced Burkinabé, a near-record high figure, did not. The jump marks the second biggest monthly increase since the humanitarian crisis started in the country over three years ago, warned the Norwegian Refugee Council, Action Against Hunger, Médecins du Monde France and Oxfam.

Today, the Development Assistance Committee of the Organisation for Economic Cooperation and Development (OECD DAC) published its preliminary figures on the amount of development aid provided in 2021. 

Global climate finance levels are woefully insufficient to keep warming below 1.5°C or protect people from the devastating impacts of climate breakdown —and this gap is particularly evident in countries mired in conflict or that are unable to provide basic services for their communities. 

The election of a Director General of the Food and Agriculture Organization (FAO) must kick start a new era for the organization if it is to play a leading role in the fight against high and volatile food prices and growing hunger, said Oxfam today.

The World Food Program (WFP) in Niger, the country worst-hit by the West Africa food crisis, has been forced to make an "agonizing" decision to abandon plans to provide emergency food to families with children over the age of two because of a huge funding shortfall.