Press releases

Without urgent action to relieve developing countries of all their external debt payments this year, and ensure they don't accrue into the future, the coronavirus could lead to millions of deaths and force half a billion more people around the world into poverty, said Oxfam today in response to the G7's joint statement on debt moratorium for poor countries.

In response to IMF Chief Economist Gita Gopinath’s statement that the coronavirus pandemic will trigger the worst economic fallout since the Great Depression, Nadia Daar, Oxfam International’s Head of Washington DC Office said: "The IMF’s assessment is chilling. The human suffering behind those numbers is almost unimaginable. Oxfam’s research shows that coronavirus could push half a billion more people into poverty".

The International Monetary Fund’s (IMF) gold holdings have increased in value by $19.3 billion since the start of the global coronavirus pandemic, said Oxfam today. 

As the first case of coronavirus is confirmed in Yemen, Muhsin Siddiquey, Oxfam Country Director in Yemen said: “The first confirmed case of coronavirus in Yemen is a devastating blow in a country that is ill-equipped after five years of brutal conflict to contain its spread.

In reaction to the announcement by the Saudi coalition of a ceasefire in Yemen, Muhsin Siddiquey, Oxfam Yemen Country Director, said : "The announcement from the Saudi-led coalition that it will be laying down arms is a welcome move that offers Yemen a chance to avert a fresh disaster.  

The economic fallout from the coronavirus pandemic could push half a billion more people into poverty unless urgent action is taken to bail out developing countries, said Oxfam today.

Public aid money should not be used to fund corporate-backed private school chains that fuel inequality. Other donor agencies and governments now need to follow suit, said Oxfam today in response to the US House Financial Services Committee’s (HFSC) announcement that the World Bank and its private sector arm have approved a package of reforms.

The only way to avoid the pandemic devastating lives and livelihoods at an untold scale is for rich countries to mobilise all available resources, said Oxfam in response to a new European Commission plan outlining how the EU will support developing countries in the face of COVID-19.

Oxfam and its partners are preparing to respond to category 5 Tropical Cyclone Harold which made landfall on the Pacific nation of Vanuatu, affecting more than 200,000 people.

Refugees living in camps are sharing one tap between up to 250 people and many have less than3.5 square meters of living space per person which will make it extremely difficult to contain the coronavirus outbreak, Oxfam said today.