health

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 European Commission published its EU Global Health Strategy. This document sets out the EU’s global vision for funding and international cooperation in relation to health.

We need to transform our economies to deliver universal health, education and other public services. To make this possible, the richest people and corporations should pay their fair share of tax. This will drive a dramatic reduction in the gap between rich and poor and between women and men.

Reacting to discussions on the Ebola response at the World Health Assembly, Oxfam’s senior health policy advisor Mohga Kamal-Yanni said: “Broken health systems need fixing and it takes more than words to make this happen. Now is the time for world leaders to take action if they hope to prevent another health crisis from devastating people’s lives."

94 percent of countries (94 out of 100 countries) with current World Bank and International Monetary Fund (IMF) loans have cut vital investments in public education, health and social protection over the past two years, according to a new report published today by Oxfam and Development Finance International (DFI).

The richest 1 percent have more wealth than the bottom 95 percent of the world’s population put together, new Oxfam analysis of UBS data reveals today ahead of the annual UN High-Level General Debate. 

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.

In response to World Health Organization (WHO) member states not reaching an agreement on a pandemic accord in time for the World Health Assembly this week, Oxfam International’s Health Policy Lead, Anna Marriott, said: “Negotiators have been working on drawing up a global treaty meant to prevent a repeat of the extreme vaccine apartheid between Global North and South during the COVID-19 pandemic. But time and time again in these negotiations, rich countries have danced to the tune of big pharmaceutical corporations instead of healing the deep geopolitical chasms caused by their short-sighed vaccine nationalism."

“Keeping already insufficient aid at stagnating levels costs lives and is a moral failure. Again, rich countries have betrayed their promise to the world’s poorest people —a promise to end hunger, invest in life-saving public health systems, and expand education opportunities so nobody is left behind."

The collapse of Gaza’s hospitals and healthcare system, coupled with the catastrophic living conditions, is resulting in babies dying of preventable causes, Oxfam warned today.  Newborns up to three months old are dying of diarrhoea, hypothermia, dehydration and infection as mothers have little to no medical support and are living in appalling conditions without water, sanitation, heat or food.