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At least nine people have become new billionaires since the beginning of the COVID pandemic, thanks to the excessive profits pharmaceutical corporations with monopolies on COVID vaccines are making, The People’s Vaccine Alliance revealed today ahead of a G20 leaders Global Health Summit.

More than 200 million people will be trapped unnecessarily in extreme poverty - despite world leaders’ pledge to end it - unless action to tackle economic inequality is accelerated. 

The G20 must scrap their most damaging biofuel policies and demand more open information about food stocks as part of urgent measures needed to tackle global food price volatility.

Donors have replenished the World Bank’s fund for the world’s poorest countries, the International Development Association, to the tune of

“This is great and sorely needed news at a time when the world faces a sobering set of challenges," said Nick Galasso, interim head of Oxfam International's Washington office.

Finance ministers and central bankers from the G20 nations met in London on Saturday, as a preparatory session for the G20 meeting in Pittsburgh later this month, and to lay the groundwork for the Copenhagen climate talks in December.

Without urgent action to relieve developing countries of all their external debt payments this year, and ensure they don't accrue into the future, the coronavirus could lead to millions of deaths and force half a billion more people around the world into poverty, said Oxfam today in response to the G7's joint statement on debt moratorium for poor countries.

Climate change could put back the fight against hunger by decades but our global food system is woefully unprepared to cope with the challenge.

Food prices will remain high and volatile for at least another decade driving hunger and malnutrition according to the Agriculture Outlook Report 2011 - 2020 released by the Food a

Countries can start tackling inequality today by triggering an “economic stimulus” directly into the pockets of those who need it most – by investing more in public services like health and education.