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The IMF has already said that the coronavirus pandemic will trigger the worst economic fallout since the Great Depression —if ever there was a time to expand SDR allocations in a major way, it is now, said Oxfam today in response to the communiqué of the International Monetary and Financial Committee.

Oxfam’s Nicolas Mombrial said:

Land eight times the size of the UK was sold off globally in the last decade, enough to grow food for a billion people, or the equivalent to the number of people who go hungry in the world today.

Suspending debt owed to rich countries is only one piece of the puzzle. Rich private banks and investors should be pushed to cancel debts by enforcement and not left to voluntary action, said Oxfam today in response to the announcement that the G20 has agreed to suspend debt repayment of the poorest countries.

Last year poor people around the world endured the consequences of the food and energy price crisis.

Responding to the G7 communiqué published today, Oxfam International’s Head of Inequality Policy Max Lawson, said: “Talking about taxing the super-rich for the first time in their 50-year history was the thin silver lining in a big black cloud of G7 failure for people living in poverty.”  

African countries have called for a suspension of all further talks on the Kyoto Protocol - except for discussions on rich country emissions reduction targets - until substantial progress is made on this critical issue. Hugh Cole, Climate Advisor for Oxfam in Southern Africa said: “The world’s poorest nations are faced with an impossible choice - no climate deal or a bad climate deal. Both options threaten the lives and livelihoods of millions of the worlds poorest people who are already struggling to cope with a changing climate. African leaders have agreed…

Big agricultural companies need a “gold standard” set of global rules to guide their investments after a new Oxfam report showing that even supposedly “responsible” deals can hurt poor farmers.

Washington, DC— In reaction to World Bank President Jim Kim's announcement  of a new interim target of cutting global poverty to 9% by 2020, Oxfam spokesperson Raymond C.

Climate change has serious implications for global food production and food security. This report uses data on current changes and future climate scenarios to examine possible impa