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Ahead of the Annual Meetings, international agency Oxfam urged the World Bank to sharpen and swiftly move forward on the new strategy to end poverty by 2030 and boost shared prosperity.

The European Commission proposed today an EU-wide Financial Transaction Tax (FTT) to fund its next long-term budget (2014-2020) partly through own resources.

A global bank tax to help poor countries survive the economic crisis must be urgently agreed, Oxfam said today ahead of the G20 meeting of finance ministers in Busan, South Korea.

The richest one percent of the world’s population are responsible for more than twice as much carbon pollution as the 3.1 billion people who made up the poorest half of humanity during a critical 25-year period of unprecedented emissions growth.

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.  

A broken food system and environmental crises are now reversing decades of progress against hunger according to new Oxfam analysis. Oxfam today launches a new global campaign for a hunger-free world.

Today, the European Parliament voted in favour of an European Financial Transaction Tax (FTT), with 487 votes in favour out of 685.

Plus, three other critical questions ahead of Friday’s G20 summit.

Poor countries are cutting back investment in farming, health service and services to help women because of fears about rising debts and the impact of the economic crisis, according to a new database launched today. 

New Oxfam analysis describes a $27 trillion black hole – accumulating at around $3.9 trillion a year to 2030 – that low-and-middle income countries face to meet climate-related loss and damages, adaptation, and mitigation measures, along with their health, education and social protection needs.