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EU development aid is increasingly being spent to close borders, stifle migration and push for returns of migrants to Africa, reveals new research published by Oxfam.

Yemen is facing unprecedented rises in the price of food putting millions more people in danger of catastrophic hunger, Oxfam warned today.

2010 saw Europe missing their poverty targets and today Heads of State compounded this by failing to put new commitments on the table to achieve their 2015 aid targets and keep their promises to the world’s poorest people.

In response to the completion of the 2021 Comprehensive Surveillance Review today by the Executive Board of the International Monetary Fund, Nabil Abdo, Oxfam’s Senior Policy Advisor on International Financial Institutions, said: “This Review misses a crucial opportunity to require staff to advise countries on policies to tackle inequality or systematically assess the impacts on inequality of its own recommendations."

Since 2020, the richest five men in the world have doubled their fortunes. During the same period, almost five billion people globally have become poorer. Hardship and hunger are a daily reality for many people worldwide.

Commenting on the publication of a new UN Report on the State of Food Security and Nutrition in the World, which highlights that 60 million more people are hungry today than they were five years ago, and three billion men, women and children – over a third of humanity – cannot afford enough healthy food to eat, Rashmi Mistry, head of Oxfam's Grow Campaign, said: "The UN report is highly alarming. It shows our global food system is unravelling at the seams."

Multilateral efforts are failing to adequately respond to critical global challenges, including the climate crisis and persistent poverty and inequality. While some have blamed the deadlock solely on rising geopolitical tensions between powerful countries, such a focus is incomplete. Rather, a key reason for failures of international cooperation is extreme economic inequality. Today, the world’s richest 1% own more wealth than 95% of humanity.

‘My Rights, My Voice’ (MRMV) is a program that has been implemented in eight countries. This evaluation aims to systematically analyze the actual outcomes of the program and its underlying working mechanisms against the proposed outcomes and MRMV’s theory of change.

Louise Hancock, Oxfam's Afghanistan policy officer, said: “It’s been another conference of flowery speeches: big on rhetoric and short on substance.  

The International Monetary Fund has announced that its Executive Board has approved a package of governance reforms intended to give emerging economies a bigger say in the institution.