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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.

Every country in the world is experiencing an economic shock as a result of the Coronavirus crisis, and all governments must act now to protect their people from destitution. Unless dramatic action is taken to shore up the economies of developing countries, the crisis could push as many as half a billion people into poverty.

The Covid-19 pandemic has revealed and worsened the depth of inequality in West Africa. It has pushed millions into poverty. However, the pandemic offers West African governments a once-in-a-generation opportunity to invest heavily in inequality-busting policies by boosting public spending, making tax systems more progressive, and tackling joblessness and precarious work.

Widening inequalities are tearing our world apart. This is not by chance, but choice: “economic violence” is perpetrated when structural policy choices are made for the richest and most powerful people. But we can radically redesign our economies to be centered on equality, in which nobody lives in poverty, nor with unimaginable billionaire wealth—in which inequality no longer kills.

Rich countries at the OECD ministerial meeting on development cooperation have failed to collectively commit to a massive scale-up in aid budgets to help developing countries face the devastating and widescale impact of COVID-19. 

Today, more than 8.1 million Nepalis live in poverty. To build a more equal country that leaves nobody behind, Nepal must act now to put the right policies in place, and enable citizens and social movements to advocate for progressive change and hold decision makers to account.

The G20 leading economies have sidelined development and food security at their summit in Los Cabos.

400,000 people in Gaza do not have access to regular water supply after 11 days of bombardment devastated electricity and water services and severely impacted the three main desalination plants in Gaza city , Oxfam warned today.

84 percent of the International Monetary Fund’s (IMF) COVID-19 loans encourage, and in some cases require, poor countries hard hit by the economic fallout from the pandemic to adopt more tough austerity measures in the aftermath of the health crisis, warned Oxfam today.

Less than half (49 per cent) of the 2.1 billion COVID vaccine donations promised to poorer countries by G7 countries have been delivered, according to new figures published today by Oxfam and the People’s Vaccine Alliance.