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The International Monetary Fund (IMF) board will meet this week [6 April] to discuss how to use the extra $2.8 billion windfall it made from selling 403.3 tons of gold late last year. The windfall profits should be used to cancel the debts of poor countries facing crises outside their control.

Oxfam International Executive Director Winnie Byanyima has been appointed to a new "Commission on Global Economic Transformation" led by Nobel Prize-winning economists Joseph Stiglitz and Michael Spence, initiated by the Institute for New Economic Thinking (INET).

In reaction to the publicaiton today of the FAO’s “State of Food Insecurity and Nutrition in the World 2023” report, stating that up to 783 million people faced hunger in 2022, and that 600 million persons will be chronically undernourished in 2030, Hanna Saarinen, Oxfam International Food Policy Lead said:  “It is unforgivable for governments to watch millions of people going hungry in a world of plenty, as they put the interests of mega-rich agribusinesses and energy companies before those of the most vulnerable people and widen the inequality gap.  

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.

In response to today’s open letter from global CEOs to World Leaders urging concrete climate action, Tim Gore, Oxfam International’s Climate Advisor, said:“We welcome engagement by a broad group of companies across sectors calling on governments to agree an ambitious deal at the UN climate talks in Paris later this year. But companies themselves need to go further in addressing their own climate change footprints by…

The annual Forbes rich list released today highlighted a slight downturn in fortunes of the rich elite but huge global inequalities remain.

Today, a group of 83 millionaires from seven countries, the “Millionaires for Humanity”, released an open letter to governments, calling for a permanent tax increase on the very wealthiest to help pay for the global recovery from the COVID-19 crisis.

Oxfam leaders, experts, and refugee partners will be at the Global Refugee Forum taking place 13-15 December 2023 in Geneva. They will speak to a range of issues including meaningful participation of refugees, shifting funding and power to refugee-led organizations, gender inequality, responsibility sharing, and the growing climate-fuelled forced displacement.   

Big food companies have hit a crossroads in their efforts to support a living income for millions of farmers in their global supply chains, and, in many ways, momentum could be slowing.

Governments must give a cast iron pledge that coronavirus vaccines, treatments and diagnostics will be made available to every person on the planet free of charge and according to need, said Oxfam today, after more than $8 billion was committed for research and development at a Global Coronavirus Response pledging marathon.