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The International Monetary Fund’s (IMF) gold holdings have increased in value by $19.3 billion since the start of the global coronavirus pandemic, said Oxfam today. 

According to the Economic Community of West African States (ECOWAS), the impact of the coronavirus pandemic could increase the number of people at risk of a food insecurity and malnutrition from 17 million to 50 million people between June and August 2020.  

The Valletta summit's declaration on migration pays lip service to people’s rights and dignity, and leaves grave doubts as to how Europe will in fact improve the lives people in Africa. While EU and African leaders met in Valletta, more people drowned in the sea, razor-wire fences were being erected in Slovenia and Sweden was implementing border controls.

With the adoption of the TAXE report, the European Parliament voted in favor of specific recommendations aimed at stopping corporate tax avoidance across the European Union.

This week, EU negotiators are hammering out the final details of the long-awaited EU migration pact. Ahead of the trilogues, Stephanie Pope, Oxfam EU migration expert, said: “The deal is nothing but a house of cards incapable of fixing the EU’s broken asylum system. After years of negotiation, we are left with a pact that ushers in increased detention, more pushbacks, and dubious deals with non-EU countries.

The international humanitarian response system will fail to cope with the expected rise in the number of people exposed to crises unless there are more resources closer to where disasters happen and there is more investment in preventing and reducing the risk of disasters, warns Oxfam.

EU governments are on the brink of agreeing a tax haven blacklist that could ensure corporate tax havens face international sanctions for the first time. This is a welcome move if the list includes objective and comprehensive criteria instead of focussing solely on opacity of tax systems, said Oxfam today.

ActionAid, Christian Aid, Friends of the Earth, Greenpeace, Oxfam and WWF issued a statement saying the Doha talks were on the brink of disaster and that rich governments had 24 hours to urgently make a deal that reflects the scale of planetary emergency facing humanity.

More than 140 world leaders, experts and elders have made an unprecedented call for guarantees that COVID-19 vaccines, diagnostics, tests and treatments will be provided free of charge to everyone, everywhere.

Despite EU intentions to crack down on tax avoidance, the European Commission’s Anti-Tax Avoidance Package does not do what it says on the tin, warns Oxfam, and developing countries will feel the EU’s failure most.