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Responding to the World Bank's announcement at the UN MDG Summit in New York that it will increase its investment in basic education by an additional $750 million for countries off track on

“Food, funds, inequality” issues will test G20 leaders’ ability to transform the global economy. The 2011 G20 Summit could be a watershed for global stability and prosperity if leaders rise above a narrow vision of self-interest and act decisively for the world’s poorest citizens.

More than a million women and girls in Burkina Faso are facing increased sexual violence, hunger and water shortage as a result of the coronavirus pandemic on top of the existing conflict, said Oxfam today.

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.

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 G7 must pursue windfall taxes on excess corporate profits including from those making huge returns from surging food and energy prices. The revenues can be used to fund an end to global hunger and to tackle climate change, says Oxfam.

The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion —at a rate of $15,000 per second or $1.3 billion a day— during the first two years of a pandemic that has seen the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty. 

Commenting on the discussion today about innovative funding for development at the MDG Summit Leading Group on Innovative Finance, Oxfam spokesperson Veronica Hernandez said:

Oxfam responds to the announcement that Jim Kim is stepping down as President of the World Bank from 1st February 2019 before the expiry of his term in 2022.

Speaking at the end of the Rio+20 UN Summit on Sustainable Development, Barbara Stocking, Chief Executive, Oxfam GB said: