Search results

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.

Oxfam India welcomes the US decision to back the waiver of intellectual property protections for COVID-19 vaccines.  

“People have become complacent about COVID-19. Our global (health) funds are fast running out of money. Vaccine inequity is getting worse,” said former UK prime minister Gordon Brown today. 

The Coronavirus crisis could result in a catastrophic loss of life in poorer countries and push half a billion more people into poverty. This week, the G20 finance ministers, the IMF and the World Bank can offer an instant lifeline – by cancelling all external debt payments for 2020. This could save $40 billion immediately and support almost 500 million of the world’s poorest to survive this crisis.

An article in the British Medical Journal and Die Welt, published today, has found that the KenUP Foundation - acting as a consultant on behalf of BioNTech – has been pushing South African manufacturers not to get involved the World Health Organization Vaccine Technology Transfer Hub’s project of copying the manufacturing process of existing mRNA COVID-19 vaccines and have been calling for the project to be ‘terminated immediately’. 

With the resignation of the International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn, a global coalition of campaigners have called for an open and merit-based process to elect the next IMF head. The campaigners, including the Bretton Woods Project, Oxfam, and the Third World Network, are calling for an end to the have end to the “gentlemen’s agreement” between Europe and the US, which ensures that the IMF Managing Director is always a European, and the President of the World Bank an American. Oxfam spokesperson Sarah Wynn-Williams said…

A one-off 99 percent levy on billionaires’ wealth gains during the pandemic could pay for everyone on Earth to be vaccinated against COVID-19 and provide a $20,000 cash grant to all unemployed workers, according to new analysis released today by Oxfam, the Fight Inequality Alliance, the Institute for Policy Studies and the Patriotic Millionaires.

In 2011, following decades of isolation, Myanmar embarked on an unprecedented reform process, raising hopes for a new democracy.

'Financing the Sustainable Development Goals' is the second Government Spending Watch report, produced by Development Finance International for Oxfam.

This briefing explores some of the solutions for fighting corporate tax avoidance that the European Union should present in 2015, and explains why it is important to adopt them as soon as possible.