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A Eurozone breakup could cost the world’s poorest countries $30 billion in lost trade and foreign investment, international agency Oxfam has warned ahead of the G20 leaders meeting in Mexico to discuss the state of the global economy.

There is a real risk that the OECD’s proposal on the application of a new minimum corporate tax rate will only benefit a handful of mainly rich countries where multinational companies are headquartered. Countless other rich and poor countries where these corporations do business will not be able to recover lost taxes.

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 this week’s UN General Assembly Resolution that automatically mandates the UN General Assembly to meet within 10 days in the wake of any UN Security Council veto, Oxfam’s Head of the UN New York Office, Brenda Mofya said,

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."

As the newly elected European Parliament holds its inaugural plenary session in July and a new College of Commissioners takes office before the end of the year, there is a pivotal opportunity to shape an EU that prioritizes the well-being of future generations and the planet. Oxfam recommends focusing on three key priority areas in the new mandate: • Championing a strong and coherent international development agenda • Promoting international (humanitarian) law, humanitarian action and civic space • Leading the charge against the climate crisis, hunger and inequalities

The Trustees Report highlights the work of Oxfam International Secretariat as part of the confederation, including our strategic leadership and global impact. 

Learn about our lessons and key takeaways from country teams implementing the Global Inequality Influencing (GINI) Program. This report aims to inspire other teams seeking practical, context-sensitive guidance to shape effective, decolonial, and risk-aware approaches to tackling economic inequality.

At a moment of growing pressure on multilateralism and the United Nations (UN), the new UN Secretary-General (UN SG) selection is pivotal. The new UN SG's office is also crucial for protecting public space, dissent and civic freedoms enshrined in the UN Charter, International Law and the Universal Declaration of Human Rights. Therefore, #HandsOffOurSpaces campaign is campaigning for principled, feminist and committed UNSG.

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