poor countries

In reaction to the new trade facilitation agreement approved in Bali on Saturday, Romain Benicchio, Senior Policy Advisor with Oxfam, said:

Thirty-two months remain to the deadline for reaching the Millennium Development Goals. This report is the first ever to track what developing countries are spending on the MDGs.

Poor countries are cutting back investment in farming, health service and services to help women because of fears about rising debts and the impact of the economic crisis, according to a new database launched today. 

Reacting to the presentation by the European Commission of its new legislative proposal for a Financial Transaction Tax (FTT) through enhanced cooperation, Nicolas Mombrial, Oxfam’

The $8.42 trillion promised by rich country governments to bailout banks would be enough to end global extreme poverty for 50 years and a massive step towards ending it forever.