top of page

Oxfam urges G7 to tap fraction of military spend for global hunger, debt

Writer's picture: News Agency News Agency
Oxfam urges G7 to tap fraction of military spend for global hunger, debt
A handout photograph, shot in January 2024, shows a woman and baby at the Zamzam displacement camp, close to El Fasher in North Darfur, Sudan. MSF/Mohamed Zakaria/File Photo

Charity Oxfam urged wealthy nations to boost spending on ending hunger ahead of a Group of Seven (G7) annual summit set to kick off in Italy on Thursday, saying that just 3% of G7 military spending could help solve the global food and debt crisis.


The G7 - comprising the United States, Japan, Canada, Germany, France, Italy and Britain - is set to meet in Italy this week where leaders will discuss issues such as climate change, migration and heavy debt loads in developing countries.


Calculating that eradicating global hunger would require $31.7 billion annually and that the G7's share of debt relief for the poorest countries would land at a further $4 billion, Oxfam said these together accounted for just 2.9% of the $1.2 trillion estimated spent by the G7 on the military last year.


"Governments are finding their pockets run deep to fund war today, but when it comes to stopping starvation they are suddenly broke," Oxfam International's inequality policy chief, Max Lawson, said in a statement.


Some 167 million people worldwide are suffering crisis-level hunger or worse, according to the IPC, a worldwide benchmark for world hunger, which has warned that lack of funds is preventing it from meeting growing demands and will force it to reduce the scope of its work.


Oxfam called on the G7 to halt arms exports that may be used in war crimes, boost taxes for billionaires, provide debt relief to poor countries to free up budgets for development, and fulfill outstanding aid and climate pledges.


It calculated that the seven countries owed some $15 trillion to states in the so-called Global South in outstanding aid commitments and unfulfilled pledges for climate financing, including the "loss and damage" fund.


"Families are struggling to get food on the table, our tax systems are making the rich richer, and the solution is glaringly obvious," Lawson said. "We're talking about a small commitment with the potential for huge impact."

Source: Reuters

Comments


Top Stories

Advertise Now (1).png
BAFTA Awards 2025 Red Carpet | Emilia Perez, Anora, The Brutalist, Conclave, A Complete Unknown
02:51:42

BAFTA Awards 2025 Red Carpet | Emilia Perez, Anora, The Brutalist, Conclave, A Complete Unknown

Watch the 2025 BAFTA Awards live from London, UK! 🌟 Stars from top films like Anora, Conclave, Emilia Perez, and Gladiator II arrive on the red carpet. Enjoy exclusive interviews with nominees for Best Film, Outstanding British Film, and more. Don’t miss the glitz and glamour of British cinema’s biggest night! #BAFTA2025 #RedCarpet #BAFTAAwards #UKCinema #LiveStream #FilmAwards #BritishFilm #BAFTANominees #MovieStars #London BEST FILM Anora The Brutalist A Complete Unknown Conclave Emilia Perez OUTSTANDING BRITISH FILM Bird Blitz Conclave Gladiator II Hard Truths Kneecap Lee Love Lies Bleeding The Outrun Wallace And Gromit: Vengeance Most Fowl OUTSTANDING DEBUT BY A BRITISH WRITER, DIRECTOR OR PRODUCER Hoard - Luna Carmoon (director/ writer) Kneecap - Rich Peppiatt (director, writer) Monkey Man - Dev Patel (director) Santosh - Sandhya Suri (director, writer), James Bowsher (producer), Balthazar de Ganay (producer) Sister Midnight - Karan Kandhari (director, writer) FILM NOT IN THE ENGLISH LANGUAGE All We Imagine As Light Emilia Perez I'm Still Here Kneecap The Seed Of The Sacred Fig DOCUMENTARY Black Box Diaries Daughters No Other Land Super/Man: The Christopher Reeve Story Will & Harper ANIMATED FILM Flow Inside Out 2 Wallace And Gromit: Vengeance Most Fowl The Wild Robot CHILDREN'S & FAMILY FILM Flow Kensuke's Kingdom Wallace And Gromit: Vengeance Most Fowl The Wild Robot DIRECTOR Anora - Sean Baker The Brutalist - Brady Corbet Conclave - Edward Berger Dune: Part Two - Denis Villeneuve Emilia Perez - Jacques Audiard The Substance - Coralie Fargeat LEADING ACTRESS Cynthia Erivo - Wicked Karla Sofia Gascon - Emilia Perez Marianne Jean-Baptiste - Hard Truths Mikey Madison - Anora Demi Moore - The Substance Saoirse Ronan - The Outrun LEADING ACTOR Adrien Brody - The Brutalist Timothee Chalamet - A Complete Unknown Colman Domingo - Sing Sing Ralph Fiennes - Conclave Hugh Grant - Heretic Sebastian Stan - The Apprentice SUPPORTING ACTRESS Selena Gomez - Emilia Perez Ariana Grande - Wicked Felicity Jones - The Brutalist Jamie Lee Curtis - The Last Showgirl Isabella Rossellini - Conclave Zoe Saldana - Emilia Perez SUPPORTING ACTOR Yura Borisov - Anora Kieran Culkin - A Real Pain Clarence Maclin - Sing Sing Edward Norton - A Complete Unknown Guy Pearce - The Brutalist Jeremy Strong - The Apprentice
BAFTA Awards 2025 Red Carpet | Emilia Perez, Anora, The Brutalist, Conclave, A Complete Unknown
02:51:08

BAFTA Awards 2025 Red Carpet | Emilia Perez, Anora, The Brutalist, Conclave, A Complete Unknown

Watch the 2025 BAFTA Awards live from London, UK! 🌟 Stars from top films like Anora, Conclave, Emilia Perez, and Gladiator II arrive on the red carpet. Enjoy exclusive interviews with nominees for Best Film, Outstanding British Film, and more. Don’t miss the glitz and glamour of British cinema’s biggest night! #BAFTA2025 #RedCarpet #BAFTAAwards #UKCinema #LiveStream #FilmAwards #BritishFilm #BAFTANominees #MovieStars #London BEST FILM Anora The Brutalist A Complete Unknown Conclave Emilia Perez OUTSTANDING BRITISH FILM Bird Blitz Conclave Gladiator II Hard Truths Kneecap Lee Love Lies Bleeding The Outrun Wallace And Gromit: Vengeance Most Fowl OUTSTANDING DEBUT BY A BRITISH WRITER, DIRECTOR OR PRODUCER Hoard - Luna Carmoon (director/ writer) Kneecap - Rich Peppiatt (director, writer) Monkey Man - Dev Patel (director) Santosh - Sandhya Suri (director, writer), James Bowsher (producer), Balthazar de Ganay (producer) Sister Midnight - Karan Kandhari (director, writer) FILM NOT IN THE ENGLISH LANGUAGE All We Imagine As Light Emilia Perez I'm Still Here Kneecap The Seed Of The Sacred Fig DOCUMENTARY Black Box Diaries Daughters No Other Land Super/Man: The Christopher Reeve Story Will & Harper ANIMATED FILM Flow Inside Out 2 Wallace And Gromit: Vengeance Most Fowl The Wild Robot CHILDREN'S & FAMILY FILM Flow Kensuke's Kingdom Wallace And Gromit: Vengeance Most Fowl The Wild Robot DIRECTOR Anora - Sean Baker The Brutalist - Brady Corbet Conclave - Edward Berger Dune: Part Two - Denis Villeneuve Emilia Perez - Jacques Audiard The Substance - Coralie Fargeat LEADING ACTRESS Cynthia Erivo - Wicked Karla Sofia Gascon - Emilia Perez Marianne Jean-Baptiste - Hard Truths Mikey Madison - Anora Demi Moore - The Substance Saoirse Ronan - The Outrun LEADING ACTOR Adrien Brody - The Brutalist Timothee Chalamet - A Complete Unknown Colman Domingo - Sing Sing Ralph Fiennes - Conclave Hugh Grant - Heretic Sebastian Stan - The Apprentice SUPPORTING ACTRESS Selena Gomez - Emilia Perez Ariana Grande - Wicked Felicity Jones - The Brutalist Jamie Lee Curtis - The Last Showgirl Isabella Rossellini - Conclave Zoe Saldana - Emilia Perez SUPPORTING ACTOR Yura Borisov - Anora Kieran Culkin - A Real Pain Clarence Maclin - Sing Sing Edward Norton - A Complete Unknown Guy Pearce - The Brutalist Jeremy Strong - The Apprentice
9.png
Live Streams | Facts | Analysis | Explainers | Breaking News

Get in Touch

Manikondu Pvt Ltd
SY. 130P & 115/1P, ISB Rd
Financial District, Gachibowli
Hyderabad, India 500032
letstalk {at} amaravati (dot) today

Follow us on

  • X
  • LinkedIn
  • Youtube
  • Facebook
  • Instagram

© 2024 by Amaravati Today | Privacy Policy | Imprint & Dsiclaimer | CIN: U70200TS2024PTC184435

bottom of page