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Oxfam's verdict on the World Bank and International Monetary Fund Annual Meetings. 

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. 

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.

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

Despite millions of people being pushed into hunger and poverty, 143 countries — including 94 developing nations — are implementing policy measures that undermine governments’ capacity to provide healthcare, education and social protection.   

The International Consortium of Investigative Journalists (ICIJ) published a new report today exposing the wealthy individuals and multinational corporations using tax havens to avoid paying their fair share of tax. Susana Ruiz, Oxfam International’s Tax Policy Lead, said: “This is another shocking exposé of the oceans of money sloshing around the darkness of the world’s tax havens that must prompt immediate action, as has long been promised."  

At the end of the G20 Summit in Rome, Italy, Oxfam panned the lack of bold and effective action from the world leaders at such an important moment in the global response to the COVID-19 pandemic. 

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.

The coronavirus threatens to take many millions of lives and push billions more into poverty. Oxfam proposes two things that the G20 and other leaders can do now: develop a global public health plan and emergency response to tackle the disease head on; and create an economic rescue plan to cope with the huge economic costs precipitated by this virus.