Humanitarian Policy, Astra Zeneca, Bbc World Service discussed on Marketplace Morning Report with David Brancaccio


This is the marketplace morning report from the BBC World Service. I'm Victoria Craig Good morning shares of Astra Zeneca are down one and a half percent this morning here in London despite abroad rally in European markets that sending the stock six hundred index up seven tenths of a percent. That's after the British Swedish pharmaceutical giant said final clinical trials of the. Corona. Virus vaccine, it's developing with Oxford. University have been put on hold worldwide. An independent investigation will take place to determine why a British volunteer developed an unexplained illness and has been hospitalized. This is the second time. This trial has been put on hold, but the team say that's not unusual for such large-scale tests, tens of thousands of volunteers in Britain. South Africa Brazil and the United States have so far taken part in the trial. No Work? No pay no food coronavirus lockdowns have forced many people all over the world to wonder where their next meal's will come from according to Matthew True. Scott Oxfam International's head of Humanitarian Policy About one hundred and twenty one million people have been pushed to the edge of starvation. This year not of course is across the main hotspots you would expect Yemen Democratic Republic of Congo of Gunston Venezuela, south. Sudan we're also seeing hunger coming up in otherwise middle income or developing countries. India South Africa Brazil CETERA. Look at a situation in the world where you have about sixty sixty, one percent working in the informal economy when that denied that daily income forced to stay at home they no longer get that income and that forces them into some of the negative coping strategies and that's what makes this crisis so unique. People. Couldn't travel to work which meant they couldn't make money and they couldn't buy food but this isn't just a short term problem. Is it Yeah and it has sort of long term impacts where, for instance, if you take people who are living day to day selling milk, if they can't sell milk for a few days, it gets point whether then have to do something to have food and income then have to sell their means of income. So selling the cow which had been providing them and then conquered back to generate income and same happens instead of urban areas where people who had been, for instance, taxi drivers after. So long of not being able to take fares and give taxi rights eventually then have to start selling off assets to cope and that's where we're really. Seeing potential long-term structural breakdown, and as you say, this is a problem that existed before the pandemic. So how do we tackle it this time around does it require new solutions? It does with sort of proposing three solutions. The I of course is that we need to increase humanitarian aid drastically the U. N. Global Humanitarian Appeal has called for about ten point, three billion dollars in humanitarian aid. But only about twenty, four percent of that is funded. So less than a quarter, the second thing that we can do is cancelled some of the debt that could free up up to a trillion dollars, and then of course, the final thing is. Exactly, as you say, we do need to change how system works. We need to build a more fair and more robust food system. We need to build a system that's ready to deal with the climate shocks that's able to produce sustainable food. One that supports a small-scale Farmers Informal Workers, Matthew Scott head of humanitarian policy at Oxfam International. Thanks for your time..

Coming up next