With funds equivalent to just 2.9% ($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.
Eradicating world hunger in all its forms would require $31.7 billion more annually from donors, and Oxfam estimates that the G7s fair share of debt relief efforts for the worlds poorest countries is equivalent to $4 billion, for a total of $35.7 billion.
Governments are finding their pockets run deep to fund war today, but when it comes to stopping starvation, they are suddenly broke, said Oxfam Internationals Head of Inequality Policy Max Lawson.
Were talking about …
Read the full article at: https://www.oxfamamerica.org/press/press-releases/less-than-3-of-g7-military-spending-could-help-end-global-hunger-and-solve-global-south-debt-crisis/
