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Countries can start tackling inequality today by triggering an “economic stimulus” directly into the pockets of those who need it most – by investing more in public services like health and education.

Vietnam has a strong record of poverty reduction, but today, increasing inequality is threatening decades of progress. To tackle the dangerous gap between rich and poor, Vietnam should urgently implement progressive policies on governance, taxation, public spending, public services, labour rights, and civic engagement.

Pressure is piling on the G20 to lead a global push to increase taxes on the richest citizens back to past levels that most people believe were fairer and more useful for society. 

From campaigning to end the financial secrecy that shelters trillions hidden in tax havens, to encouraging investment in universal education and healthcare – Oxfam is working to make sure that the poor get a share of the power and resources that will help to reduce poverty and inequality.

On the newly published UN Synthesis Report on the post-2015 framework, which sets the global development agenda for the next 15 years: Oxfam is disappointed that the UN has not made far stronger proposals to address extreme economic inequality and climate change in its new report.

New Oxfam report "Reaching Tipping Point" says retreating glaciers and more extreme weather could dangerously erode food security, livelihoods and even regional stability by 2050 in Tajikistan.

The G20 should take urgent action to protect poor countries from economic crisis that is forcing 100 people-a-minute into poverty, Oxfam said today. Developing countries across the globe are struggling to respond to the global recession.

Today leaders from Brazil, Russia, India, China, and South Africa –better known as the BRICS- finalized their 6th summit in Fortaleza, Brazil, consolidating the creation of a new development bank that will provide fresh sources of financing for emerging economies.

Up to a quarter of a billion people are at risk of falling into extreme poverty this year due to the COVID-19 pandemic, climate crisis and the crisis in Ukraine. Global inequality threatens to rise massively unless more is done to effectively address this situation.  

In response to Jeff Bezos’ space flight scheduled for Tuesday, Deepak Xavier, Oxfam International's Global Head of Inequality Campaign, said: "We’ve now reached stratospheric inequality. Billionaires burning into space, away from a world of pandemic, climate change and starvation. 11 people are likely now dying of hunger each minute while Bezos prepares for an 11-minute personal space flight. This is human folly, not human achievement."