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Less than half (49 per cent) of the 2.1 billion COVID vaccine donations promised to poorer countries by G7 countries have been delivered, according to new figures published today by Oxfam and the People’s Vaccine Alliance.  

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.

Syrians who have already endured almost a decade of war and displacement are now facing unprecedented levels of hunger leaving millions of people acutely vulnerable to Covid-19, international agencies warned today ahead of a key annual conference on the crisis.

Today, the European Commission presented a coronavirus crisis recovery package for the EU.

The International Monetary Fund’s (IMF) gold holdings have increased in value by $19.3 billion since the start of the global coronavirus pandemic, said Oxfam today. 

According to the Economic Community of West African States (ECOWAS), the impact of the coronavirus pandemic could increase the number of people at risk of a food insecurity and malnutrition from 17 million to 50 million people between June and August 2020.  

Today, EU member states have proposed a spending increase of 10 percent in 2019 for the EU’s external policies compared to this year’s budget. However, governments are focusing on the wrong issues, Oxfam, Save the Children, DSW and IPPF EN say. The organizations argue a strong focus on human development is needed to counter increasing inequalities and make sure no one is left behind.

In their Deauville Accountability Report, the G8 has massaged the figures, claiming to have delivered almost US$49 billion of the promised $50 billion. But according to the OECD, responsible for measuring the official aid figures, the G8 have delivered just $31 billion.

Today, the Development Assistance Committee of the Organisation for Economic Cooperation and Development (OECD DAC) published its preliminary figures on the amount of development aid provided in 2021. 

Aid money the G8 has promised but won’t deliver could save more than 3 million lives, Oxfam said today as leaders gathered for the summit in L’Aquila, Italy.