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

Today, the European Commission proposed that EU countries tax windfall profits made by energy companies. This one-off tax would capture the excess profits made during the recent spike in gas prices. 

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).

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.

Oxfam applauds the World Bank's new strategy to halve extreme poverty by 2020 and end it by 2030, but swift action is now needed to bring the strategy to life.

In Myanmar, the garment industry is booming thanks to an upsurge in investment by international brands, but garment workers are facing tough conditions. This briefing paper presents the research findings of and makes recommendations for international sourcing companies and factories to help them protect garment workers’ rights.

New estimates today from the Food and Agriculture Organization which show that the number of hungr

“At the start of the week, we urged the Bank to show it’s serious about ‘“ending poverty and boosting shared prosperity”’ in discussions on additional funding. We’re pleased to see them recommit to this, but it’s now up to the Bank’s programming to put its money where its mouth is," said Nadia Daar, head of Oxfam International's Washington office. 

Today, the President of the European Commission, Ursula von der Leyen, proposed the introduction of a cap on revenues of companies producing electricity with low costs and a solidarity contribution from fossil fuel companies. The revenues from these unexpected profits will be directed to people and businesses to help them adapt to the recent increase in energy prices as well as to invest in clean home-grown energy sources.

The International Monetary Fund’s advice to countries promotes policies that fail to reduce inequality and may even increase it, according to Oxfam research. This advice clashes with what their own research shows countries should do to reduce inequality.