Press releases

The fortunes of Latin America’s 73 billionaires surged by $48.2 billion since the beginning of the pandemic even as the region buckles as one of the worst-hit regions in the world, said Oxfam today. 

Coronavirus has breached the Sahrawi refugee camps in Algeria, putting over 170,000 chronically ill refugees at significant risk, Oxfam said today. 

While the United States faces the deepest economic downturn since the Great Depression because of COVID-19, a subset of corporations is reaping dramatic profits that are flowing to their already wealthy, mostly white male shareholders, further exacerbating existing inequalities, according to a new analysis released by Oxfam today.

Reacting to the IPC announcement on the levels of hunger in the south of Yemen and their forecast for the months ahead, Oxfam’s Yemen Country Director, Muhsin Siddiquey said: “This new data shows how bleak the situation is for the millions of Yemenis struggling with hunger as conflict has decimated infrastructure, restricted food imports, and led to mass unemployment."

COVID-19 is putting the lives of 45 million people who belong to 800 indigenous peoples at risk, warned Oxfam today.

The recovery fund and long-term EU budget agreed today do not match the urgency of our current situation and the challenges ahead, said Oxfam.

“Today’s lack of progress on debt relief is as irresponsible as it is underwhelming. Merely encouraging private sector creditors and multilateral banks to participate in the Debt Service Suspension Initiative (DSSI) is woefully inadequate and a dereliction of duty. The G20 is in denial of the scale of response needed to address the worse global crisis in a century," said Jaime Atienza, Oxfam International’s Debt Policy Lead, in response to the communiqué of the G20 Finance Ministers and Central Bank Governors Meeting.

Heavy rains have swollen river basins in north Bangladesh, leading to severe flooding, submerging towns and destroying homes and crops in a region already suffering due to the coronavirus pandemic, Oxfam said today.

In reaction to the newly announced $10.3 billion UN Humanitarian Response Plan (UNHRP) appeal, Oxfam’s Head of Humanitarian Campaigns and Advocacy, Fionna Smyth, said: “We welcome this boost to the UN Covid-19 humanitarian appeal. Millions of people around the world already struggling to cope with crises brought about by conflict, poverty and climate change, have been hit even harder now by the coronavirus pandemic which has also fuelled a hunger crisis. This funding is lifesaving and urgently needed, yet less than a quarter of the previous appeal had been met." 

The coronavirus pandemic is fast pushing developing countries toward a debt crisis that would be catastrophic for their fight against poverty, with the likelihood of multi-billion-dollar defaults that will hurt the entire global economy, warned Oxfam ahead of the G20 Finance Ministers’ meeting this weekend (July 18-19).