Oxfam is reportedly saying that 45 million children will die because of G8 Nations reneging on promises from 1970 to devote 0.7% of their GDP on overseas aid. Currently only two G8 countries, the UK and France, have firm plans to reach that committment – alabeit 34 years after making that promise, it’s more likely to be 40 years by the time they reach it, if ever.

UNICEF say that half of the shortfall of $120 billion is owed by the US.