Press releases

This Pakistan Development Forum meeting was a rare chance for donors to think outside the box for solutions to tackle some fundamental issues thrown up by the floods – one of the most devastating natural disasters this country has ever seen.

About Financial Transaction Tax (FTT) and innovative financing for development
 

International agency Oxfam today called on rich countries and institutions, meeting for the third time in as many months to discuss flood-ravaged Pakistan, to end the talking and start giving the substantial funds needed to help save lives and start to rebuild the country.

Reacting to business leaders’ proposals on climate change, Jeremy Hobbs, Executive Director of Oxfam International said:

World leaders have an historic opportunity to reform the global economy to ensure that the one in six people who live in extreme poverty benefit from economic recovery, international agency Oxfam said today ahead of the G20 summit in Seoul.

The International Monetary Fund has announced that its Executive Board has approved a package of governance reforms intended to give emerging economies a bigger say in the institution.

A new report from the UN’s High-level Advisory Group on Climate Change Financing (AGF) makes it crystal clear that raising the public money to help poor countries build resilience to climate change is possible without putting the squeeze on taxpayers.

Three months after floods devastated Pakistan, cases of disease are increasing and in the worst-hit region, the southern province of Sindh, large areas remain underwater. At the same time, funds for the UN flood appeal are drying up and threatening the aid and reconstruction effort.

International aid agency Oxfam today starts its initial assistance in two worst-affected districts in Ha Tinh province, central Vietnam where torrential rain has brought two consecutive severe floods to one of the poorest and most disaster-prone parts of the country.

Oxfam’s Water and Sanitation advisor Raphael Mutiku said: