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A Eurozone breakup could cost the world’s poorest countries $30 billion in lost trade and foreign investment, international agency Oxfam has warned ahead of the G20 leaders meeting in Mexico to discuss the state of the global economy.

Rich countries are exaggerating how much they are spending to tackle poverty and inequality in poor countries.

With one person estimated to be dying of hunger every four seconds, 238 local and international non-governmental organizations are calling on leaders gathering at the 77th UN General Assembly to take decisive action to end the spiralling global hunger crisis.   

Today, the European Parliament voted on its position on a carbon border tariff for companies exporting to the EU (the Carbon Border Adjustment Mechanism). In response, Chiara Putaturo, Oxfam EU Tax expert, said: “Forcing the poorest countries to pay this tariff is unfair. Europeans are responsible for double the carbon emissions as those in the poorest half of the world since 1990. This decision allows rich countries to pass the buck to those least responsible for the climate crisis.

Oxfam together with nearly 50 NGOs from the Somalia NGO Consortium, warns of a deepening humanitarian crisis in Somalia and calls upon donors to urgently fund Somalia's drought crisis response.

Today, the EU reached a provisional agreement on a new carbon tariff on goods imported into Europe (the Carbon Border Adjustment Mechanism).

As many as 28 million people across East Africa face severe hunger if the March rains fail. With the unfolding crisis in Ukraine taking their attention, there is a real danger that the international community will not respond adequately to the escalating hunger crisis in East Africa until it is too late, Oxfam warned today. 

Today, the European Commission presented its proposal for new sources of revenue for the EU’s budget.  

Despite being largely virtual, this year’s UN General Assembly opening week will remain a vital convening space where leaders and civil society can jointly discuss and tackle some of the gravest issues we face today.

As many as 12,000 people could die per day by the end of the year as a result of hunger linked to COVID-19, potentially more than could die from the disease, warned Oxfam in a new briefing published today. The global observed daily mortality rate for COVID-19 reached its highest recorded point in April 2020 at just over 10,000 deaths per day.