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African nations agree to oil and gold tax to pay for food | African nations agree to oil and gold tax to pay for food |
(about 3 hours later) | |
Congo-Brazzaville, Guinea, Mali and Niger have agreed to divert a portion of state revenues from oil, gold, phosphate and uranium to a UN fund to fight childhood malnutrition. | Congo-Brazzaville, Guinea, Mali and Niger have agreed to divert a portion of state revenues from oil, gold, phosphate and uranium to a UN fund to fight childhood malnutrition. |
From 2017, $0.01 (£0.07) from every barrel of oil and $0.60 from every gram of gold will go to pay for supplements. | From 2017, $0.01 (£0.07) from every barrel of oil and $0.60 from every gram of gold will go to pay for supplements. |
The scheme is expected to raise about $100m a year. | The scheme is expected to raise about $100m a year. |
Chronic malnutrition in sub-Saharan Africa affects more than one in three children under five, the UN says. | Chronic malnutrition in sub-Saharan Africa affects more than one in three children under five, the UN says. |
The scheme called Unitlife, which will be managed by the UN children's agency (Unicef), was announced at the UN's annual gathering of world leaders in New York. | The scheme called Unitlife, which will be managed by the UN children's agency (Unicef), was announced at the UN's annual gathering of world leaders in New York. |
Ending hunger was one of 17 Sustainable Development Goals launched by at the UN on Friday. | Ending hunger was one of 17 Sustainable Development Goals launched by at the UN on Friday. |
The UN says it would take around $50bn over the next 10 years to reduce by 40% the number of children under the age of five whose growth is stunted from malnutrition. | The UN says it would take around $50bn over the next 10 years to reduce by 40% the number of children under the age of five whose growth is stunted from malnutrition. |
Resource rich contributors: | Resource rich contributors: |
The UN's Philippe Douste-Blazy, who is leading the Unitlife project, said he hoped to gradually add more countries, like top oil producers Nigeria and Angola. | The UN's Philippe Douste-Blazy, who is leading the Unitlife project, said he hoped to gradually add more countries, like top oil producers Nigeria and Angola. |
A similar scheme already takes 1 euro ($1.12; £0.74) per air ticket from countries signed up to the it to fund projects fighting HIV/Aids, malaria and tuberculosis. | A similar scheme already takes 1 euro ($1.12; £0.74) per air ticket from countries signed up to the it to fund projects fighting HIV/Aids, malaria and tuberculosis. |
Mr Douste-Blazy wrote in the Huffington Post in February that he thinks the next micro-tax should go on financial transactions. | Mr Douste-Blazy wrote in the Huffington Post in February that he thinks the next micro-tax should go on financial transactions. |
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