Somalia

Oxfam’s response to the latest report from the Integrated Food Security Classification System (IPC) released this afternoon on the situation in Somalia. 

With funds equivalent to just 2.9 percent ($35.7 billion) of their combined annual military spending, Group of Seven (G7) countries could help end world hunger and solve the debt crisis in the Global South, reveals new Oxfam analysis ahead of the G7 Summit in Borgo Egnazia, Italy.

Only 28 percent of the world’s most influential food and agriculture corporations report they are reducing their water withdrawals and just 23 percent say they are taking action to reduce water pollution. Oxfam’s new analysis of 350 corporations using World Benchmarking Alliance data comes ahead of World Water Day (March 22). 

Six months after a historic five-season drought, massive floods have inundated vast swaths of farmland across Kenya, Ethiopia and Somalia, right in the middle of the harvest season. Over four million impacted people in dire need of humanitarian assistance, warned Oxfam today. 

722 of the world’s biggest corporations together raked in over $1 trillion in windfall profits each year for the past two years amid soaring prices and interest rates, while billions of people are having to cut back or go hungry. 

Oxfam is deeply disappointed by today’s donors’ dismally inadequate pledges to East Africa’s crisis; a protracted crisis which continues to be woefully underfunded.

The world spent yearly an estimated $112 billion on arms imports between 2018-2022, even as 9,000 people die each day from hunger driven primarily by conflict. The top five-arms exporters – the USA, Russia, France, China and Germany - which account for over three-quarters of the global arms trade, together sold an estimated $85 billion worth of arms yearly.  

As the international community gathers in New York this week for the Horn of Africa High Level Pledging Conference, we urge global donors to address the impact of the climate injustice taking place in the region by making the financial pledges required to fully fund the humanitarian response and help address immediate and long-term needs across Ethiopia, Kenya and Somalia, where millions of people are trapped in a devastating cycle of hunger and displacement.

In reaction to the GRFC 2023, Oxfam Global Food and Economic Security Lead, Emily Farr, said:  “For global hunger to rise for a fourth consecutive year in a world of plenty is a stain on our collective humanity. Decades of progress made to end poverty and hunger are being fast-reversed by conflict, economic shocks, and climate change.