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Responding to the IMF Board of Governors’ approval of a Special Drawing Rights (SDR) allocation of $650 billion, Nadia Daar, Head of Oxfam International’s Washington DC Office, said: “New SDRs will bring much-needed liquidity to struggling developing countries without adding to their unsustainable debt burdens. Now that this historic SDR issuance has been approved, governments must work transparently and together with civil society to ensure these resources are used to rescue collapsing health services and bolster social protection, and to deliver a fair and climate just recovery.  

The World Bank’s report shows clearly that billions of people were more vulnerable to the economic impacts of COVID-19 because of decades of economic policies which have kept them living one paycheck away from poverty, while the richest in society accumulate ever more wealth.

Very low spending on public healthcare, weak social safety nets and poor labor rights meant the majority of the world’s countries were woefully ill-equipped to deal with COVID-19, reveals new analysis from Oxfam and Development Finance International (DFI) today.

One month since the massive blast in Beirut, tens of thousands of vulnerable people are unable to rebuild their homes, with a single front door costing two months’ worth of a minimum-wage salary, warned Oxfam today. 

In reaction to the UNFCCC NDC Synthesis report launched today, Oxfam's Global Climate Policy Lead, Nafkote Dabi, said: “Today’s report findings are appalling. The combined climate plans submitted account to a dismal 1% emissions reduction, far below the 45% reduction needed to limit global warming below 1.5 degrees, and avoid disastrous impacts on vulnerable communities."  

Over 60 activists, social movements, and women food producers that have gathered in Maputo, Mozambique for Women Food Convening 2023 conference say that the current global food system is exploitative, broken, unjust, marginalises women and exacerbates gender inequalities and hunger particularly in low-income countries.

The European Parliament voted on the report "Own resources: a fresh start for the EU Finances, a new start for Europe". The ONE Campaign, Oxfam, ActionAid and Global Citizen are campaigning for any new own resources to be used to increase the EU’s external action budget to deliver on the EU’s promises on global development and climate action.  

More than 170 former heads of state and government and Nobel laureates, including former Prime Minister of the United Kingdom Gordon Brown, former President of Colombia Juan Manuel Santos, former President of Liberia Ellen Johnson Sirleaf, former President of France François Hollande and Nobel Laureates Professor Joseph Stiglitz and Professor Francoise Barre-Sinoussi, today called on President Biden to support a waiver of intellectual property rules for COVID-19 vaccines and pursue a people’s vaccine to end the pandemic in an open letter today.

Today, EU countries agreed on a renewed EU global health strategy - the EU’s global vision for funding and international cooperation in relation to health. In response, Oxfam EU health expert, Piotr Kolczynski, said: “In the EU’s Health Commissioner's own words, where you live should not determine whether you live or die. But EU countries only pay heed to these words within Europe’s borders. In the rest of the world, the EU is playing the industry's game and undermining the right to health of the world's poorest people. 

Today, 26 EU leaders agreed on a revision to the EU’s long-term budget, with one EU country blocking the agreement. If confirmed in the new year, the deal would slash the new funding for external action proposed by the European Commission and supported by the European Parliament by prioritizing investment in migration management instead.