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Donor government negotiators are considering scrapping the global aid monitoring system that keeps donors honest and improves the quality of their foreign assistance, Oxfam warns.

In response to the announcement today that World Bank President David Malpass will step down from his position by the end of June, Nadia Daar, Head of Oxfam International’s Washington DC Office, said: “If shareholders really want to ‘evolve’ the World Bank, then here is their golden opportunity. Malpass’ successor must be hired based on an open, merit-based and transparent selection process rather than the 80-year-old gentleman's agreement which sees the job automatically go to someone from the US. This is critical for the credibility and future strength of multilateralism."

In January alone, billionaire wealth surged by $314 billion ―around $10 billion a day. This is more than the combined wealth of the 2.8 billion people who make up the poorest third of humanity. 

In a new report, 'Learning the Lessons', international agency Oxfam says that the aid community needs to fundamentally change the way it deals with food crises in the region and help communities to better prepare for recurring emergencies.

Oxfam estimates that just one of the richest men in Ghana earns from his wealth more in a month than one of the poorest women could earn in 1,000 years. In this report, we call on the government of Ghana to use public spending to reduce inequality and put women’s economic empowerment at the heart of policymaking.  

Today, European justice ministers agreed on a proposal for a law to make companies accountable for the damage they cause to people and the planet.

Speaking at a press conference at the Rio+20 Summit, Barbara Stocking, Chief Executive, Oxfam GB said:

Gabriela Bucher: "All of Oxfam is united in grief at the death of Archbishop Tutu. We express our deepest condolences to the Archbishop's wife Leah, their children and grandchildren. We express our condolences to the South African people.

Oxfam welcomes the G20’s attention to the sovereign debt crisis in the Global South, but warns about the risks involved in the G20’s approach to resolve it, outlined in more details in the IMF and World Bank Non-Paper on Actions to Support Countries Faced With Liquidity Challenges.  We strongly support the approach’s aim to significantly increase the net flow of resources to the Global South to back ambitious, country-owned national development and climate strategies. We urge the G20 to adopt several elements of the plan, including increasing bilateral grants, reviewing relevant IMF policies, increasing IMF and multilateral development banks’ resources including but not limited to a generous IDA21 replenishment, and redoubling efforts to promote effective and equitable domestic resources mobilization.

The proposed European Union (EU) investment plan could receive an annual boost of €120 billion in public money if Europe clamped down on tax dodging, says Oxfam.The worldwide organization released this new figure as EU leaders meet today to discuss the €315bn investment proposal put forward by European Commission President Jean-Claude Juncker to kick-start Europe's economy. Juncker believes the €315bn needed could be raised from a €21bn investment fund, assuming every euro invested produces 15 in return. However, most European Investment Bank (EIB) evaluations show…