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Oxfam's response to today’s announcement that Christine Lagarde is stepping down as Managing Director (MD) of the International Monetary Fund (IMF), effective on September 12, 2019.

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".

Reacting to the draft G20 communiqué circulating on Monday 17th, Oxfam spokesperson Carlos Zarco said:

'In terms of a plan to reduce extreme income inequality, we are left empty handed. There has been a lot of talk and a raw sketch of plan of action in the communique, but it’s just a drop in the bucket.”

The coronavirus pandemic will have devastating health, social and economic impacts in the world’s poorest countries. To measure up to this once-in-a-century crisis, save lives and build a better future, donors must urgently and massively increase international aid funds.

In reaction to Ethiopia’s latest food insecurity figures released today, Oxfam’s global Emergency Food Security Advisor, Emily Farr, said: “The new figures released today from the IPC showing new and dangerous levels of hunger in Ethiopia are extremely worrying. According to the latest IPC findings, there are right now over 350,000 people in a hunger catastrophe - the largest number of people to reach that classification since Somalia in 2011. This number is expected to climb to 401,000 in July."

Oxfam’s response to the latest report from the Integrated Food Security Classification System (IPC) released this afternoon on the situation in Somalia. 

A new report, Exploring the Links Between International Business and Poverty Reduction: Bouquets and Beans from Kenya, has been released by Oxfam and International Procurement and Logistics (IPL).

Oxfam joined civil society organizations from around the world to demand the member governments of the UN Framework Convention on Climate Change (UNFCCC) take decisive action urgently on climate change.

An important International Monetary Fund (IMF) initiative to shore up poor people in the Global South from the worst effects of its own austerity measures and the global economic crisis is in tatters.