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Today marks an extraordinary gathering in New York of world leaders who have committed for the first time to take a stand together in the fight to promote inclusion and end extreme inequality.   An initiative led by Sweden alongside the 74th UN General Assembly, the gathering included heads of state and government from Sweden, Ethiopia, Spain, Sierra Leone, and Namibia; the Vice President of Indonesia, the Deputy Prime Minister of Ireland, and the Foreign Minister of Timor-Leste; and representatives from Uruguay and Tunisia, with the support of the Republic of Korea.…

ONE and Oxfam welcome that the highest amount of funding ever has been allocated to refugees and development programs in the European Union's 2016 budget.

Today, European Parliamentarians will cast their vote on the EU’s next long-term budget – a vote that will send a powerful political signal to the European Commission ahead of its proposal due out in July. But behind these numbers lies a key question: will the EU maintain its role as a credible donor, or will it quietly shift towards a transactional approach shaped by short-term political interests? 

Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population – a figure that has fallen from 388 just five years ago, according to an Oxfam report published today ahead of the annual gathering of the world’s financial and political elites in Davos.

The combined wealth of the richest 1 percent will overtake that of the other 99 percent of people next year unless the current trend of rising inequality is checked, Oxfam warned today ahead of the annual World Economic Forum meeting in Davos.

G20 Finance Ministers must support more fundamental reforms to the global tax system as part of their plans to deliver sustainable economic growth said Oxfam today.

The World Bank is forecasting that, for the first time ever, the number of people living in extreme poverty will fall under 10% of the world's population, to around 702 million people.

Development NGOs Oxfam, ONE and Plan international welcomed a European Parliament vote to reject proposed cuts and to increase of the EU's external spending, supporting for the fight to end extreme poverty.

The 50 biggest US companies, including global brands Pfizer, Goldman Sachs, GE, Chevron, Wal-Mart, and Apple, stashed $1.6 trillion offshore in 2015 –  $200 billion more than the previous year - according to a new report by Oxfam.  

The World Bank has released new draft safeguard policies that will vastly weaken protections for affected communities and the environment at the same time as the bank intends to finance more high-risk projects, say 19 organizations.