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G20 leaders met for the second time in London on 2 April, as the global economic crisis began to crash across the borders of poor countries with ever-greater severity.

A global bank tax to help poor countries survive the economic crisis must be urgently agreed, Oxfam said today ahead of the G20 meeting of finance ministers in Busan, South Korea.

In response to World Health Organization (WHO) member states not reaching an agreement on a pandemic accord in time for the World Health Assembly this week, Oxfam International’s Health Policy Lead, Anna Marriott, said: “Negotiators have been working on drawing up a global treaty meant to prevent a repeat of the extreme vaccine apartheid between Global North and South during the COVID-19 pandemic. But time and time again in these negotiations, rich countries have danced to the tune of big pharmaceutical corporations instead of healing the deep geopolitical chasms caused by their short-sighed vaccine nationalism."

As UNGA77 kicks off, Oxfam experts are engaging with a delegation in New York along with remote participation. Oxfam experts will be focused on issues including Hunger and the Global Food System, Climate Justice, the crisis in Yemen, Ukraine, COVID-19 recovery, Inequality, Education, and more. 

On the eve of technical talks to thrash out the final details of the OECD tax deal ahead of the G20 Finance Ministers meeting next week, Oxfam is calling for world leaders to bring fairness and ambition back to the table and deliver a tax plan that won’t leave developing countries with next to nothing. 

The COVID-19 death toll has been four times higher in lower-income countries than in rich ones, according to a new report published today by Oxfam on behalf of the People’s Vaccine Alliance as the world marks two years since the World Health Organization declared the pandemic. 

This report describes some of the work that Oxfam International has done so far around the world in response to the coronavirus pandemic. Three months into the crisis, we have reached over 4.5m people and aim to reach 14m people by raising €100m. 

“The G20 reiterated previous commitments to reduce inequality, boost the participation of women in work and phase out inefficient fossil fuel subsidies. The G20 said they would draw up a proper response to the refugee and migrant challenge next year, which is too late. The world needs urgent action now, not more words.”

The G20’s promise to pursue inclusive and sustainable growth is welcome, but its response to the Ebola crisis is dangerously inadequate.

European Commission President Jose Manuel Barroso said today at the G20 that he expects agreement on a Financial Transaction Tax (FTT) to be reached soon.