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The European Union, which holds eight seats out of twenty four on the International Monetary Fund (IMF) board, has made an offer to rotate some of their IMF board seats with middle-income countries

Responding to the publication of the Intergovernmental Panel on Climate Change Report on Climate and Land, Aditi Sen, Oxfam’s senior climate policy advisor, said: “Land is central to the fight against the climate crisis and hunger. Industrial agriculture, deforestation and increasing weather shocks are destroying the land we depend on for food, with the world’s poorest hit hardest. “We need to put a stop to destructive industrial agriculture and invest in agro-ecological approaches that store carbon, improve soil health and increase…

Income inequality is high or increasing in 60 percent (64 out of 106) of low- and middle-income countries receiving grants or loans from the International Monetary Fund (IMF) and World Bank, reveals new Oxfam analysis ahead of the 2024 Spring Meetings in Washington D.C. Countries with high levels of income inequality have Gini coefficients above 0.4, the warning level set by the United Nations.

In response to the

Commenting on the Powering Past Coal Alliance co-launched by the United Kingdom at COP 23 in Bonn, Tracy Carty, senior policy advisor at Oxfam GB said:"The UK pioneered coal powered electricity 150 years ago, and today it is leading a global charge to end its use. The 20-plus governments that today committed to be part of the alliance to phase out coal represents real and tangible progress in the fight against climate change.…

People in low and lower-middle income countries were five times more likely to be forced from their homes by “sudden-onset” weather disasters, like floods and storms, than people in richer countries.

In response to the G20 communique, Oxfam says: ‘The G20 has failed to meet the huge challenges our world faces. They continue to stumble away from taking the bold actions necessary to tackle poverty, inequality, and climate change after an uninspiring and underwhelming Summit in India this weekend.” 

The G20, the preeminent global economic decision making body, has thrown its political weight behind the commitment to shared growth and narrowing the development gap through its Seoul Deve

The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth. 

What is the IMF doing in practice to tackle inequality? Its main initiative has been a series of pilots that integrate inequality analysis into its economic surveillance of countries. This paper outlines Oxfam’s evaluation of these pilots and finds that they are not promoting policies that reduce inequality.