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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.

Leading NGOs call on EU leaders to protect EU development aid against short-sighted cuts ahead of this week’s special EU Budget summit.

European aid to poor countries is stalling two years ahead of the UN Millennium Development Goals deadline, with aid cut or stagnant in 19 member states, reveals the new Concord AidWatch report.

Over 1,000 health professionals from 66 countries have signed a letter urging the G20 to cancel the debt of developing countries, ahead of tomorrow’s extraordinary G20 Finance Ministers meeting.

Europe’s General Court ruled that Amazon did not profit from illegal state aid in Luxembourg. This ruling dates back to a 2017 European Commission decision which stated that Amazon benefited from an illegal tax deal with Luxembourg and had to repay €250 million in unpaid taxes to the Grand Duchy. Amazon and Luxembourg have appealed this decision. The verdict follows last year’s defeat for the Commission in its high-profile case against Apple and Ireland.  

More than 140 former heads of state and government and Nobel laureates today called on the candidates to be the next German chancellor Annalena Baerbock, Olaf Scholz, and Armin Laschet to declare themselves in favour of waiving intellectual property rules for COVID-19 vaccines and transferring vaccine technologies, and “to make these the policies of any future coalition government”. 

Grassroots organisations at the forefront of the fight for gender justice have consistently been the most heavily hit by funding cuts during the pandemic, despite increasing donor commitments toward gender equality. This comes at a time when gender rights issues including violence against women and girls, are increasingly being reported as emerging concerns due to the pandemic. 

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.

Today, the European Commission unveiled a package of emergency measures to curb the surge in energy prices which are hitting European consumers hard. The package includes two measures to capture extraordinary profits from energy and fossil fuel companies.

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