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It is shameful to see European banks again involved in a major global money laundering scandal. 

Leaders must heed climate strikes and give vulnerable people the tools to survive.

Governments tried to further water down an already weak legislative proposal, Oxfam said in response to the EU finance ministers’ failure to agree on new measures against corporate tax dodging.

In reponse to the G7 Summit outcomes today, Oxfam said President Macron put inequality at the top of the agenda, but G7 leaders failed to make meaningful commitments to solve the crisis they have helped create, said Oxfam at the end of the Summit today.

As G7 leaders head to Biarritz, France, and President Macron promises to make the fight against inequality a priority at this year’s Summit, Oxfam says that the G7 are actively fueling inequality at home and across the globe.

Across Africa, ambitions to achieve inclusive and sustainable development are being undermined by inadequate investment in the care economy. Women and girls are providing millions of hours of unpaid care and domestic work – a provision which props up the economy and underpins society, yet remains under-recognized, undervalued and under-invested in. 

Despite being largely responsible for the worsening climate crisis in East Africa, rich nations paid Ethiopia, Kenya, Somalia, and South Sudan just $2.4 billion in climate-related development finance in 2021, in stark contrast to the $53.3 billion East Africa says it needs annually to meet its 2030 climate goals.  

EU governments are unwilling to tackle large-scale tax avoidance of multinational companies, Oxfam says in reaction to a new directive formally approved today.

The criteria adopted by EU Finance Ministers for screening countries over tax abuse will be of little to no use in ending the era of tax havens. 

Today, EU member states have proposed a spending increase of 10 percent in 2019 for the EU’s external policies compared to this year’s budget. However, governments are focusing on the wrong issues, Oxfam, Save the Children, DSW and IPPF EN say. The organizations argue a strong focus on human development is needed to counter increasing inequalities and make sure no one is left behind.