G8 Summit has Climate Change, Development Aid on Agenda

Today, Wednesday, 8 July 2009, world leaders of G8 will gather in Italy for the 35th summit hosted by Italian Prime Minister Silvio Berlusconi. The development of Africa and Climate Change is a key part of the G8 summit agenda. President Obama is expected to reveal a major initiative to boost agricultural development and prevent hunger in Africa, worth perhaps $3bn (£1.8bn) to $5bn, at the summit.

In a report, the charity ActionAid says that a billion people are still hungry in the world today, and that despite the drop in food prices it is still a key issue for many developing countries. The report also says that the percentage of foreign aid spent on agriculture has “been in freefall” in the last 25 years and the remainder is “poorly targeted and coordinated”.