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The richest 1 percent have amassed $42 trillion in new wealth over the past decade, nearly 34 times more than the entire bottom 50 percent of the world’s population, according to new analysis by Oxfam today ahead of the third meeting of G20 Finance Ministers and Central Bank Governors in Rio de Janeiro, Brazil. 

More developing countries are set to become involved in reforming the global tax system in an effort to ensure that multinational corporations are taxed where their real economic activities take place.

This year’s G20 Summit will raise the stakes for the group to prove itself against growing doubts about its effectiveness – not least for people living in poverty, says Oxfam.

Using land alone to remove the world’s carbon emissions to achieve ‘net zero’ by 2050 would require at least 1.6 billion hectares of new forests, equivalent to five times the size of India or more than all the farmland on the planet, reveals a new Oxfam report today.

The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, reveals a new report from Oxfam today ahead of the World Economic Forum (WEF) in Davos, Switzerland.

In response to the results of the vote on a UN resolution continuing to allow cross-border aid into Syria, Oxfam’s Regional Humanitarian Campaign Lead for MENA, Georges Ghali said: “The UN Security Council’s decision means that millions of Syrians who are suffering from the scourge of war, compounded by an economic collapse and a global pandemic, will continue to face an uncertain future. At a time when three in five Syrians are facing acute hunger, it is unconscionable to limit humanitarian assistance in this way."    

A draft document entitled “A Common Vision for the World Bank Group”, which will be discussed

Oxfam warns that in spite of the advances made in the last decade, Latin America and the Caribbean remains the region of highest wealth inequality in the world. Its elites continue to accumulate extreme wealth and excessive power.

Ahead of the Annual Meetings, international agency Oxfam urged the World Bank to sharpen and swiftly move forward on the new strategy to end poverty by 2030 and boost shared prosperity.

The UN Committee on World Food Security (CFS) has delivered solid guidance and important recommendations that governments must now follow through with action.