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Wealthy elites have co-opted political power to rig the rules of the economic game, undermining democracy and creating a world where the 85 richest people own the wealth of half of the world’s population, worldwide development organization Oxfam warns in a report published today. 

Oxfam today celebrated news that donors had increased their development aid spending to $134.8 billion in 2013, which the OECD says stands at the highest-ever recorded level. However aid levels to Africa dropped by 5.6% to just $28.9 billion – back to the levels they were 10 years ago.

Multinational tax evasion is entrenching poverty and weakening developing country economies, Oxfam has warned ahead of the G20 leaders meeting in Russia to chart a plan for boosting global economic growth.

Ahead of the Annual Meetings, international agency Oxfam urged the World Bank to sharpen and swiftly move forward on the new strategy to end poverty by 2030 and boost shared prosperity.

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.

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

A new era of high and volatile food prices is causing life-changing shifts in society, according to Oxfam and the Institute of Development Studies (IDS) in a joint report published today.

European aid to poor countries is stalling two years ahead of the UN Millennium Development Goals deadline, with aid cut or stagnant in 19 member states, reveals the new Concord AidWatch report.

Millions of poor people will go without life-saving food and medicines as donor aid pledges to poor countries are breached.

Governments and aid agencies have to tackle the politics and power at the heart of the increasing effects of climate change, rising inequality and people’s vulnerability to disasters according to a new report published today by international agency Oxfam.