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#Videocrux - G8 unveils 20 billion dollar fund to solve food crisis G8 unveils 20 billion dollar fund to solve food crisis
Barack Obama and fellow rich nation leaders unveiled a 20 billion dollar fund to help feed the developing world on Friday as they were urged to help the poor survive the downturn on the last day of the G8 summit in Italy.
More fund than expected for the developing world
Remembering those who died in Italy’s earthquake three months ago.A sombre finale to a summit that could mark the beginning of the end of the G8 itself.The headline news from the meeting: leaders of the richest nations Silvio Berlusconi, Italian Prime Minister, "We have had the satisfaction of being able to move from 15 billion to 20 billion dollars over three years."
Environmental issues also to be dealt with by the G8
Also on the summit’s agenda was the environment, G8 countries agreed to work towards 80 percent pollution cuts by 2050. Even the head of the UN said this wasn’t good enough. Yet more unenforceable promises too easily broken for many observers, serving only to undermine the G8 itself.
G8 countries already under huge debts
Luc Lampriere, Executive Director of Oxfam France, "The G8 is effectively dead today in the sense that it’s a forum which has never had a great legitimacy. The countries of the G8 together represent the richest countries on the planet and so have a debt which they’ve undertaken to help the poorest countries and this debt must be settled before it is dissolved."

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