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Ending extreme inequality to end poverty has no lack of policy options: from corporate tax reform to investment in health and education, and from raising the minimum wage to ending gender discrimination. This discussion paper aims to put one of these solutions on the agenda: the billionaire tax.

Oxfam water engineers are having to drill deeper, more expensive and harder-to-maintain water boreholes used by some of the poorest communities around the world, more often now only to find dry, depleted or polluted reservoirs. 

In response to the UN recently launched Global Humanitarian Overview, estimating some 235 million people across the globe will be in need of life-saving support in 2021, Oxfam and 6 aid agencies said it is vital that they have unhindered access to those most in need and humanitarian appeals are fully funded. 

In reaction to FAO’s new “State of Food Insecurity and Nutrition in the World 2022” report, stating that as many as 828 million people were hungry in 2021, an increase of 150 million since the outbreak of the COVID-19 pandemic, Hanna Saarinen, Oxfam Food Policy Lead said: “It is deeply concerning that global hunger has been spiralling since 2019 and is now at such devastating levels around the world. This is happening not because of a shortage of food but rather as a consequence of a broken food system further undermined by conflicts, the effects of the COVID pandemic and worsening climate change. 

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.

Over a decade ago, developed countries committed to mobilize $100bn per year by 2020 to support developing countries to adapt and reduce their emissions. The goal is a critical part of the Paris Agreement. As 2020 draws to a close, Oxfam’s Climate Finance Shadow Report 2020 offers an assessment of progress towards this goal.

As the Camp David G8 Summit winds down, international agency Oxfam criticized G8 leaders for failing to renew measurable funding and policy commitments to help address global food security.