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The European Union, which holds eight seats out of twenty four on the International Monetary Fund (IMF) board, has made an offer to rotate some of their IMF board seats with middle-income countries

Political leaders have admitted that they will probably fail to deliver on promises to halve world hunger by 2015

Income inequality is high or increasing in 60 percent (64 out of 106) of low- and middle-income countries receiving grants or loans from the International Monetary Fund (IMF) and World Bank, reveals new Oxfam analysis ahead of the 2024 Spring Meetings in Washington D.C. Countries with high levels of income inequality have Gini coefficients above 0.4, the warning level set by the United Nations.

European aid to poor countries is stalling two years ahead of the UN Millennium Development Goals deadline, with aid cut or stagnant in 19 member states, reveals the new Concord AidWatch report.

In response to the G20 communique, Oxfam says: ‘The G20 has failed to meet the huge challenges our world faces. They continue to stumble away from taking the bold actions necessary to tackle poverty, inequality, and climate change after an uninspiring and underwhelming Summit in India this weekend.” 

Europe currently wastes land the size of Ireland on crops for biofuels which is an obstacle to tackling the climate crisis and food security, a new study shows. The study commissioned by T&E shows that this land could be used to feed 120 million people or, if given back to nature, could absorb twice as much CO2 as is supposedly saved by powering cars with biofuels. Using an area equivalent to just 2.5% of this land for solar panels would produce the same amount of energy.

The G20, the preeminent global economic decision making body, has thrown its political weight behind the commitment to shared growth and narrowing the development gap through its Seoul Deve

The European Union is contradicting world trade rules by putting the interests of big drug companies before the 2 billion people in the world who cannot access essential medicines, according to a new report issued today by Oxfam International and Health Action International Europe.

EU Development Ministers have just recommited to an old promise made by donors back in 1970s, failing to provide any guarantees to poor countries that Europe is serious about getting back on track to meet the Millennium Development Goals, warns Oxfam.

The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth.