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Oxfam spokesperson Luc Lamprière said: Financial transaction tax:

The G20 leading economies have sidelined development and food security at their summit in Los Cabos.

“The G20 reiterated previous commitments to reduce inequality, boost the participation of women in work and phase out inefficient fossil fuel subsidies. The G20 said they would draw up a proper response to the refugee and migrant challenge next year, which is too late. The world needs urgent action now, not more words.”

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.

The chance of a successful Paris climate deal depends on rich countries showing they have kept their past commitments, especially the promise they made in Copenhagen to jointly mobilize $100bn of climate financing per year by 2020, warned Oxfam today.

G20 countries spend far more subsidizing the coal and oil industry than developed countries provide in adaptation finance to poor and vulnerable countries.

Ministers must deliver on their climate finance promises and support a second wave of attack on corporate tax cheats if their Lima meeting is to succeed, said Oxfam today. 

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.

Observers at UN Climate talks in Lima have called for strong and clear rules relating to climate finance after a scandal shows Japan is claiming funds to a coal-power plant as being ‘green.'

This report analyzes the beliefs of young people aged 15 to 25 from eight Latin American and Caribbean countries, about violence and partner relationships. These beliefs lead young people to reproduce the inequalities they see in society and to view acts of male violence as “normal”.