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With funds equivalent to just 2.9 percent ($35.7 billion) of their combined annual military spending, Group of Seven (G7) countries could help end world hunger and solve the debt crisis in the Global South, reveals new Oxfam analysis ahead of the G7 Summit in Borgo Egnazia, Italy.

One year on from the worst flooding in its history, Pakistan is still not prepared for this year’s monsoon floods and other natural disasters, international aid agency Oxfam warned today.

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.

This summary of recent Oxfam research in Morocco, Kenya, Malawi, Vietnam and Myanmar paints a picture of workers, mostly women, who are working hard but trapped in poverty producing food and garments for consumers.

Three years after the adoption of the Sustainable Development Goals (SDGs), reliable information on how companies are working to contribute to the SDGs remains sparse. This paper uses five general themes (prioritization; integration; ambition; human rights and gender equality; and reporting) to review the SDG engagement of 76 of the world’s largest companies.

http://www.imf.org/external/pubs/ft/survey/so/2014/POL031314A.htm Oxfam spokesperson Nicolas Mombrial said: "This is the final judgment on inequality being bad for growth."

Oxfam International Chair of the Board of Supervisors, Dr Henrietta Campbell, has announced that for personal reasons she is stepping down effective 31 March.

With the adoption of the TAXE report, the European Parliament voted in favor of specific recommendations aimed at stopping corporate tax avoidance across the European Union.