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Patients living in poverty in the Global South are being bankrupted by private healthcare corporations backed by multi-million-dollar investments from development finance institutions (DFIs) run by the UK, French, German and other rich country governments. DFIs like the World Bank’s International Finance Corporation (IFC) and the European Investment Bank (EIB) invest public funds via the private sector to help foster economic development in the Global South and tackle poverty. However, Oxfam published two investigations on DFI funding into private hospital chains and other for-profit healthcare corporations operating in low- and middle-income countries and found cases of them.   

Despite promises, nearly three-quarters of African governments reduced their agricultural budgets while paying almost double that on arms.

While the United States faces the deepest economic downturn since the Great Depression because of COVID-19, a subset of corporations is reaping dramatic profits that are flowing to their already wealthy, mostly white male shareholders, further exacerbating existing inequalities, according to a new analysis released by Oxfam today.

Countries from both the rich and the developing worlds must stop their recriminations and scepticism from derailing vital UN talks, beginning today, to find ways of helping feed the world's 925 million hungry people.

Faltering overseas aid figures announced today are depriving poor countries of a massive $18bn worth of life-saving aid, at a time when 64 million more people globally have been pushed into poverty by the financial crisis.

The international community must plug a $2 billion funding gap for countries hit by El Nino-related drought and storms. These have left a staggering 60 million people around the world facing crop failures and worsening hunger.

Time is running out for ministers meeting in Paris to boost adaptation funding levels by 2020 and agree to set new improved finance targets for both adaptation and emissions reductions from when the Paris deal comes into force in 2020, Oxfam said today.

Oxfam today urged all parties to the conflict in Yemen to extend the current truce to help avert catastrophic hunger and prevent the humanitarian crisis spiralling in Yemen. The two-month truce which is due to end on 2 June, has brought hope to the country after seven years of conflict.

Today, EU Development Ministers meeting at the Foreign Affairs Council approved conclusions on social protection in development cooperation.

Senegalese singer Baaba Maal today launched a personal appeal to raise $5,000 for communities facing a food crisis in the Sahel region of West and Central Africa.