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Nigeria and Singapore are among a group of governments that are fueling inequality, according to a newly released edition of the Commitment to Reducing Inequality Index developed by Oxfam and Development Finance International.

Oxfam and Transport & Environment critical of the European Parliament for failing to phase out the use of biofuels which are fuelling the global food crisis.

Today, the European Parliament agreed a resolution calling for a “joint, ambitious EU position” in the OECD-led negotiations on how to address international corporate tax challenges in a digitalised era. These negotiations provide a historic opportunity to adapt corporate tax rules for the 21st century, and to strengthen tax justice at global level.

Responding to the news that the number of global deaths from COVID-19 has now passed 4 million, Anna Marriott, Oxfam’s health Policy Manager and spokesperson for the People’s Vaccine Alliance, said: “This is a horrific milestone and each one of these lives lost is a tragedy. Many of these deaths could have been prevented had the successful vaccine science been shared and production of doses ramped up by more manufacturers across the world."

One year after the release of the UN Secretary-General’s High-Level Panel on Access to Medicines landmark report, this paper assesses the level of implementation by countries and institutions and recommends ways to use the report to improve both innovation and access to medicines.

As 2020 draws to a close, the economic devastation caused by the COVID-19 pandemic shows no sign of abating. Our analysis shows that none of the social protection support to those who are unemployed, elderly people, children and families provided in low- and middle-income countries has been adequate to meet basic needs.

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.

Responding to the G20 Finance Ministers’ meeting today, Nadia Daar, Head of Oxfam’s Washington DC Office, said: "The G20 is not delivering on its promise to rebalance the global economy and provide major relief. It has simply extended a freeze on bilateral debt-service payments through year-end, pushing the can down the road once again. If debt cancellation is not part of the solution, the world’s poorest countries will continue to struggle to cope with the pandemic and its devastating effects.   

The COVID-19 crisis cost women around the world at least $800 billion in lost income in 2020, equivalent to more than the combined GDP of 98 countries, said Oxfam today.  

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).