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2010 saw Europe missing their poverty targets and today Heads of State compounded this by failing to put new commitments on the table to achieve their 2015 aid targets and keep their promises to the world’s poorest people.

The leadership of a handful of countries is masking the failure of the majority to deliver on their overseas aid promises, said Oxfam today in response to the publication of new figures for overseas aid spending by the Organisation for Economic Co-operation and Development (OECD).  “While total cash flows have plateaued, overseas aid has, yet again, fallen in real terms over the last year and less of this money is finding its way to the poorest and most vulnerable…

The World Bank and International Monetary Fund need to ditch the ‘trickle down’ economics of the past and lead the fight against inequality if they are serious about the new target to end extreme poverty by 2030.

After decades of underinvestment, governments in Africa are turning to partnerships with donor aid agencies and large companies or investors to develop the agriculture sector. But this so-called ‘mega’ public-private partnerships are unproven, risky and represent a dubious use of public funds to fight poverty and food insecurity. 

Despite there being more young people in the world today than ever before, they are excluded from decision-making and are the most vulnerable to economic crises, says a new Oxfam report.

Today marks an extraordinary gathering in New York of world leaders who have committed for the first time to take a stand together in the fight to promote inclusion and end extreme inequality.   An initiative led by Sweden alongside the 74th UN General Assembly, the gathering included heads of state and government from Sweden, Ethiopia, Spain, Sierra Leone, and Namibia; the Vice President of Indonesia, the Deputy Prime Minister of Ireland, and the Foreign Minister of Timor-Leste; and representatives from Uruguay and Tunisia, with the support of the Republic of Korea.…

On the eve of the G8 Summit in Canada, international agency Oxfam warned that G8 aid promises due in 2010 have been missed by as much as $20 billion dollars – twice the gap admitted by world leaders. The G8 must deliver on their promises to poor people and invest in their future.

In 2005 the International Monetary Fund (IMF) introduced the Policy Support Instrument (PSI).

In reaction to remarks today by new World Bank President Jim Yong Kim at the International AIDS Conference in Washington, DC, Oxfam spokesper

Robert Zoellick / the food crisis: Oxfam spokesperson Luc Lamprière said: