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EU Justice ministers will meet next Thursday, 1 December, to agree on the EU’s new rules to make companies accountable for the damage they cause to people and the planet. The law lost most of its teeth during negotiations between EU countries and risks being a far cry from what is needed.     

The Covid-19 pandemic will not be defeated unless it’s defeated in all countries. In developing countries, where public health spending is often severely constrained, significant debt cancellation will be necessary to deal with the double whammy of health and economic crises.

In response to the selection today of Ajay Banga as President of the World Bank for a five-year term beginning 2 June, Katie Malouf-Bous, interim Head of Oxfam International’s Washington DC Office, said: "The true test of Ajay Banga starts now: to reorient the World Bank to tackle the extreme inequality that robs billions of people of economic security and dignity. We need huge new investments in development but we need them to be publicly-led and purposed to lift people out of poverty —and we need guardrails around private finance that has run riot for too long."

About Financial Transaction Tax (FTT) and innovative financing for development  

On the shape of the new 2015 climate agreement being negotiated this week, Tracy Carty, Oxfam Climate Change Policy Adviser, said:

Oxfam welcomes today’s announcement by the World Bank Group on a new Carbon Pricing Leadership Coalition before the UN Climate Summit in New York. The Summit is meant to build political momentum towards a post-2020 climate agreement in Paris in 2015, with governments on the hook to make meaningful commitments to reduce their emissions and to deliver climate finance to the poorest, most vulnerable countries. Placing a…

Nicolas Mombrial, Head of Oxfam’s Washington Office, said: “The IMF’s move will provide welcome relief to countries whose economies have been devastated by Ebola. But the IMF's step is not enough on its own – it needs to be the start of concerted global effort to help these countries."

Guns are useless without bullets. An Arms Trade Treaty (ATT) that does not control ammunition will not achieve its purposes.

High food prices have brought into sharp focus an existing global food crisis that affects almost one billion people.

Every year 100 million people are pushed into poverty as they have to pay out of pocket for healthcare. What today’s decision means is that we will now be able to count the cost of paying for healthcare for households around the world.