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Oxfam welcomes today's World Bank report 'Clima

G20 finance ministers in Lima today endorsed international tax reforms for tackling tax dodging launched by the Organization for Economic Cooperation and Development (OECD). While the measures are a tax milestone, they poorly represent the critical needs of developing countries, Oxfam warned today.

Oxfam believes that reducing inequality is fundamental to fair and sustainable development.

G20 finance ministers met in St. Andrews, Scotland, on 7 November 2009. Oxfam reacts to their communiqué.

Joint agency release: It is a global scandal that millions of women and newborn babies die or suffer severe injury during childbirth every year – despite the fact that the vast majority of these injuries and deaths are preventable.

Over a quarter of a billion more people could crash into extreme levels of poverty in 2022 because of COVID-19, rising global inequality and the shock of food price rises supercharged by the war in Ukraine, reveals a new Oxfam brief today. 

Ministers must deliver on their climate finance promises and support a second wave of attack on corporate tax cheats if their Lima meeting is to succeed, said Oxfam today. 

As the G8 Summit comes to a close, international agency Oxfam criticized the leaders for their failure to deliver on their promises and for trying to divert attention by cobbling together a small initiative for maternal and child health.

Responding to the G20 Heads of State Summit, Rebecca Gowland, Head of Inequality, Campaigns and Policy, said: “In 2020 the richest economies bolstered their resilience to Covid-19 with a $10 trillion injection while providing 2,000 times less than that – $5 billion – in debt relief to the poorest countries. In the direst global health and socio-economic crises for 100 years the G20 has failed to adequately support the poorest people in the world.

Fair tax regimes are vital to finance well-functioning states and to enable governments to uphold citizens’ rights to basic services, such as healthcare and education.