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At the Annual Meetings of the World Bank and the IMF in Peru this week, moves to help combat inequality and climate change were announced, but G20 finance ministers failed to adequately address the skewed international tax system, said Oxfam today.

Responding to the publication of the Intergovernmental Panel on Climate Change Report on Climate and Land, Aditi Sen, Oxfam’s senior climate policy advisor, said: “Land is central to the fight against the climate crisis and hunger. Industrial agriculture, deforestation and increasing weather shocks are destroying the land we depend on for food, with the world’s poorest hit hardest. “We need to put a stop to destructive industrial agriculture and invest in agro-ecological approaches that store carbon, improve soil health and increase…

Following the publication of a major new report by the Global Commission on Adaptation today, Winnie Byanyima, Executive Director of Oxfam and a member of the Commission said: “For too long adaption has been treated as if it were less important than emissions reductions. This report shows we need both: much deeper and quicker cuts in emissions and much more help for vulnerable communities from the Bahamas to Mozambique who are struggling to survive in the face of this crisis.“People on the front line of the climate crisis, who did least to cause it, have been largely …

“Climate change has set our planet on fire, millions are already feeling the impacts, and the IPCC just showed that things can get much worse," said Raijeli Nicole, regional director for Oxfam in the Pacific.

This year’s G20 Summit will raise the stakes for the group to prove itself against growing doubts about its effectiveness – not least for people living in poverty, says Oxfam.

In most countries, land inequality is growing. Worse, new measures and analysis published in this synthesis report show that land inequality is significantly higher than previously reported. This trend directly threatens the livelihoods of an estimated 2.5 billion people worldwide involved in smallholder agriculture.

Oxfam congratulates António Guterres on his appointment to what is arguably one of most challenging jobs on the planet. Mr. Guterres brings a wealth of experience and leadership to the role to guide the UN in the years to come.  

In a puzzling move, inequality was not on the agenda at the International Monetary Fund’s Press Briefing in the Peruvian capital today, while World Bank President Jim Kim said TPP could boost growth.