International Development Aid organizations are rich countries to exert more effort to support poor countries in hunger crises, before the G20 summit that begins in Bali, Indonesia tomorrow, Tuesday.
“The Group of Twenty must take concrete measures in Bali to counter the blatant social disparity and standard profits recorded at the expense of low -income people,” said Tobias Hoschild, political advisor to Germany, before the summit.
Hoschild continued, this inequality is exacerbated by the multiple global crises, calling for an action plan from the Group of Twenty to counter the “scandalous contradiction” between the increasing number of hungry and the high profits that some companies earn from the crises.
He added that up to 828 million people were affected by hunger, at a time when the Group of G20 companies were achieving record profits.
He pointed out, for example, the standard profit distributions that German companies pay for their shareholders this year.
In contrast, in 2021, poor countries allocated 27. 5% of their budgets to pay off debt, a number equivalent to four times spending on health care and 12 times the spending on social security.
“At the global level, we produce enough food to feed everyone on the face of the earth,” said Stefan EXO Crischer, the director of the NGO.
However, the world is witnessing the worst food crisis in 40 years..
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