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"In lieu of global cooperation and solidarity, pharmaceutical companies are being empowered to act as kingmakers ―deciding who lives and who dies― and using this new-found power to extract subsidies and potentially high prices for new COVID-19 vaccines," said Oxfam today in response to reports that French pharmaceutical company, Sanofi, will prioritize the US for any new COVID-19 vaccine.

The leadership of a handful of countries is masking the failure of the majority to deliver on their overseas aid promises, said Oxfam today in response to the publication of new figures for overseas aid spending by the Organisation for Economic Co-operation and Development (OECD).  “While total cash flows have plateaued, overseas aid has, yet again, fallen in real terms over the last year and less of this money is finding its way to the poorest and most vulnerable…

“The pharmaceutical industry’s attempt to rubbish the World Health Organisation’s initiative suggests that they care more for profits than people’s health," said Anna Marriott, Health Policy Manager for Oxfam, in response to the World Health Organisation’s call for governments to back a voluntary scheme to share trial data and patents relating to vaccines and treatments for the coronavirus.

In 2005 the International Monetary Fund (IMF) introduced the Policy Support Instrument (PSI).

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. 

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.

The coronavirus pandemic is a crisis for everyone. All around us people are affected — our loved ones, our neighbours, our colleagues, our communities. 

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. 

Over 150,000 people from around the world have joined 35 organizations in calling for world leaders to press the Israeli government to lift the blockade on Gaza as its reconstruction could take 17 years with just 5% of building materials allowed in one year on since the end of the last conflict.

Despite some advances, progress towards meeting aid and development effectiveness targets is flat-lining, according to a report published by the Global Partnership for Effective Development Cooperation.