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The global repercussions of the Ukraine crisis ―already being felt in fast-rising food, commodity and energy prices― could undermine official aid efforts to help people in other humanitarian hot-spots. 

$200bn could mean the difference between success and failure in Copenhagen, as the UN climate summit begins in the city today. The Summit marks the culmination of two years of international negotiations on a deal to prevent catastrophic climate change.

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.

Thousands of needless deaths occurred and millions of extra dollars were spent because the international community failed to take decisive action on early warnings of a hunger crisis in East Africa, according to a new report by the international aid agencies Oxfam and Save the Children.

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.

The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion —at a rate of $15,000 per second or $1.3 billion a day— during the first two years of a pandemic that has seen the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty. 

Oxfam is calling on the World Bank Group to put safeguards in place to ensure that its clients can prove they are paying their fair share of tax.

The IMF has released a discussion note, authorized for distribution by chief economist Olivier Blanchard, on the damaging effect of income inequality on economic growth and supporting redistributiv

The World Bank and the IMF must seize their early chance in what could be a watershed year to end extreme global poverty by putting the battle against inequality, climate change and tax dodging at the very top of its Spring Meetings’ agenda this week.