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/Handout via REUTERS/File Photo

(Reuters) - 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.