A desperate and largely unknown humanitarian crisis is deteriorating in the Lake Chad Basin region of West Africa, forcing millions of people to flee their homes and leaving millions more in need of humanitarian assistance. Oxfam is providing life-saving support but help is urgently needed to prevent the crisis turning into a catastrophe.
Oxfam reaction to Sarkozy's call today for a financial transaction tax
Responding to French President Nicolas Sarkozy's call for the G20 to agree a tax on financial transactions to raise funds for international development, Jeremy Hobbs, Oxfam International Excecutive Director, said:
"President Sarkozy's comments offer a real opportunity for the G20 to put the interests of the poor ahead of those of big banks and make a Robin Hood Tax a reality. The G20's president and the IMF are both pushing for the financial sector to pay more so finance ministers meeting next month now have no excuse for inaction."