aid

Patients living in poverty in the Global South are being bankrupted by private healthcare corporations backed by multi-million-dollar investments from development finance institutions (DFIs) run by the UK, French, German and other rich country governments. DFIs like the World Bank’s International Finance Corporation (IFC) and the European Investment Bank (EIB) invest public funds via the private sector to help foster economic development in the Global South and tackle poverty. However, Oxfam published two investigations on DFI funding into private hospital chains and other for-profit healthcare corporations operating in low- and middle-income countries and found cases of them.   

Today, the Development Assistance Committee of the Organisation for Economic Cooperation and Development (OECD DAC) published its preliminary figures on the amount of development aid for 2022. 

Today, the Development Assistance Committee of the Organisation for Economic Cooperation and Development (OECD DAC) published its preliminary figures on the amount of development aid provided in 2021. 

The European Parliament voted on its EU budget for aid and foreign policy (NDICI). In response to the vote, Evelien van Roemburg, Oxfam EU Head of Office said: "This new financial instrument stands a real chance at combatting poverty and inequality which has leapt during the pandemic."

Countries locked into International Monetary Fund (IMF) austerity programs are also, on average, around twice as vulnerable to the economic fallout from the US and Israel’s war against Iran and the escalating climate crisis, reveals new Oxfam analysis ahead of the World Bank and IMF Annual Meetings in Bangkok, Thailand. 

Oxfam and partners are responding to the immediate needs of people who have been forcibly displaced by Israel’s bombardment and ground invasion of Lebanon.

Oxfam is deeply concerned by the outcomes of the G7 Summit in Kananaskis. At a time when urgent global crises demand bold and united action, the summit fell short of delivering the leadership the world needs. 

The Group of Seven (G7) countries are set to slash their aid spending by 28 percent for 2026 compared to 2024 levels.

Today civil society organisations in Brussels are calling on European countries to raise their  ambition after the release of a ‘deeply disappointing’ collective EU position in the Council Conclusions ‘ahead of the 4th International Conference on Financing for Development’, taking place in Spain next month.