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An explosion in extreme wealth and income is exacerbating inequality and hindering the world’s ability to tackle poverty, Oxfam warned today in a briefing published ahead of the World Economic Forum in Davos next week.

The Credit Suisse Global Wealth Report shows once again that economic inequality remains at shockingly high levels.  The richest 1 percent now has as much wealth as the rest of the world combined.

Energy security, climate change and the global economy were among the main topics the G7 leaders addressed during the

The coronavirus pandemic is fast pushing developing countries toward a debt crisis that would be catastrophic for their fight against poverty, with the likelihood of multi-billion-dollar defaults that will hurt the entire global economy, warned Oxfam ahead of the G20 Finance Ministers’ meeting this weekend (July 18-19).  

Global dividend payments to shareholders grew on average 14 times faster than worker pay in 31 countries, which together account for 81 percent of global GDP, between 2020 and 2023, reveals Oxfam’s new analysis ahead of International Workers’ Day (May 1). 

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.

A broken food system and environmental crises are now reversing decades of progress against hunger according to new Oxfam analysis. Tomorrow, Oxfam launches a new global campaign to ensure everyone has enough to eat always.

“This much is clear: the actions and announcements put forward at the summit give a glimpse of what is possible to address climate change when we come together," said senior climate change policy advisor Thomas Damassa.

The real possibility of eradicating global hunger and poverty in our lifetime is dependent upon the international community getting more serious in supporting smallholder agriculture – a sector that supports nearly 2 billion people and produces most of the world’s food. Tomorrow Oxfam International Executive Director Winnie Byanyima will address the 38th annual Governing Council meeting of the International Fund for Agricultural Development (IFAD) at the invitation of IFAD President Kanayo F Nwanze. The Governing Council is IFAD’s highest decision-…

In July 2014, a new multilateral and southern-led development bank is expected to be launched by the leaders of Brazil, Russia, India, China and South Africa – better known as the BRICS.