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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".

Africa is losing billions to corruption, poorly negotiated deals and tax dodging. Leaders must listen to their people. They must crack down on tax dodging and maximize progressive revenues to create a more human economy for Africa.

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.

After enduring more than seven years of brutal conflict the people of Yemen have finally had the opportunity to experience what it means to feel hopeful. An unprecedented truce, now in its sixth month, brings with it the possibility for longer-term peace and the chance to rebuild lives and livelihoods. But while the conflict has slowed, humanitarian needs continue to increase, and the humanitarian response remains under and unequally funded. 

Oxfam today launches a major new report highlighting the growing pace of land deals brokered around the world, often to the peril of poor communities who lose their homes and livelihoods – sometimes violently – with no prior consultation, compensation or means of appeal.

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."

Following today's donor meeting in Brussels to discuss the food crisis in the Sahel region of Africa, Oxfam deputy humanitarian director Graham MacKay 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.”

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.