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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. 

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 pharmaceutical industry’s attempt to rubbish the World Health Organisation’s initiative suggests that they care more for profits than people’s health," said Anna Marriott, Health Policy Manager for Oxfam, in response to the World Health Organisation’s call for governments to back a voluntary scheme to share trial data and patents relating to vaccines and treatments for the coronavirus.

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

The UN Conference on the World Financial and Economic Crisis and Its Impact on Development was a missed opportunity to address the needs of poor countries, Oxfam said today.

Oxfam said it is vital that governments return to the negotiating table before the new agreement takes effect from 2020 to strengthen pledges of emissions cuts and agree to new finance levels. 

More than a million people have died from COVID since G7 leaders last met back in February, when they made vague pledges to increase the global vaccine supply, but crucially failed to collectively back the waiver of intellectual property rules and investment in manufacturing vaccines in developing countries that would really make the difference.

International agency Oxfam today called for a radical shake up of the Food Aid Convention, being negotiated in London this week (week of 28 February), to ensure the burgeoning number of hungry people in the world get the predictable, timely and appropriate aid they need.

Our new report warns multiple climate impacts could reverse 50 years of work to end poverty. Shifting seasons are destroying harvests and causing widespread hunger - but this is just one of the multiple climate change impacts taking their toll on the world’s poorest people.