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Billionaire fortunes increased by 12 percent last year – or $2.5 billion a day - while the 3.8 billion people who make up the poorest half of humanity saw their wealth decline by 11 percent, reveals a new report from Oxfam today.

Public aid money should not be used to fund corporate-backed private school chains that fuel inequality. Other donor agencies and governments now need to follow suit, said Oxfam today in response to the US House Financial Services Committee’s (HFSC) announcement that the World Bank and its private sector arm have approved a package of reforms.

Since 2015 all banks based in the European Union have been obliged to publicly report their profits and tax on a country-by-country basis. This report showcases research by Oxfam that uses this new transparency data in depth for the first time to illustrate the extent to which the top 20 EU banks are using tax havens.

Africa is losing billions to corruption, poorly negotiated deals and tax dodging. Leaders must listen to their people. They must crack down on tax dodging and maximize progressive revenues to create a more human economy for Africa.

Oxfam congratulates António Guterres on his appointment to what is arguably one of most challenging jobs on the planet. Mr. Guterres brings a wealth of experience and leadership to the role to guide the UN in the years to come.  

Oxfam's response to today’s announcement that Christine Lagarde is stepping down as Managing Director (MD) of the International Monetary Fund (IMF), effective on September 12, 2019.

Governments must build back better, low carbon, economies in the wake of the coronavirus to avoid fuelling the climate crisis, warned Oxfam today ahead of the Petersberg Climate Dialogue on 27 – 28 April. The virtual meeting will bring together government ministers from across the globe to discuss international climate action. 

In response to the publication of the Organization for Economic Cooperation and Development’s preliminary data on Official Development Assistance for 2024.

The EU is a group of rich countries characterized by high incomes, stable institutions, and home to 342 billionaires. 

The BRICSAMIT have come to be considered the economic powerhouses of recent decades. Not only have these countries managed to reduce poverty but today, all eight BRICSAMIT countries occupy the top ranks as some of the most unequal countries in the world.