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The World Bank is forecasting that, for the first time ever, the number of people living in extreme poverty will fall under 10% of the world's population, to around 702 million people.

At the close of the 2015 Spring meetings, Oxfam reacts to the summary of the event.

New Oxfam estimates show that 263 million more people could be pushed into extreme poverty in 2022, due to the combined impact of COVID-19, inequality and food and energy price inflation – accelerated by the war in Ukraine. Without urgent and bold national and international action, inequality and poverty will deepen, with poorer countries – many of which face looming debt crises – pushed deeper into poverty.

Oxfam has made a submission to the International Monetary Fund (IMF) on its 2011 review of the conditions it attaches to its loans.

Oxfam country teams and partner organizations in the Dominican Republic, Haiti and Cuba are now preparing to respond to probable damage from the impact of Hurricane Irma, to help people who are likely to be hardest-hit there.

2010 saw Europe missing their poverty targets and today Heads of State compounded this by failing to put new commitments on the table to achieve their 2015 aid targets and keep their promises to the world’s poorest people.

Thirty-two of the world’s largest companies stand to see their profits jump by $109 billion more in 2020 as the Covid-19 pandemic lays bare an economic model that delivers profits for the wealthiest on the back of the poorest, according to a new Oxfam report today.

For countries rich in minerals and hydrocarbons, natural resources should provide an essential source of financing for development.

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.

This report by the Sahel Working Group discusses the chronic food and nutrition crisis across countries in the Sahel.