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The G20's sticking plaster approach falls well short of the major surgery that is needed to tackle the global food price crisis said Oxfam at the close of the Agriculture Ministers Meeting

The International Monetary Fund (IMF) today publishes a major new report on global corporate taxation: “Spillov

Responding to the G20 Finance Ministers’ meeting today, Nadia Daar, Head of Oxfam’s Washington DC Office, said: "The G20 is not delivering on its promise to rebalance the global economy and provide major relief. It has simply extended a freeze on bilateral debt-service payments through year-end, pushing the can down the road once again. If debt cancellation is not part of the solution, the world’s poorest countries will continue to struggle to cope with the pandemic and its devastating effects.   

The coronavirus pandemic is fast pushing developing countries toward a debt crisis that would be catastrophic for their fight against poverty, with the likelihood of multi-billion-dollar defaults that will hurt the entire global economy, warned Oxfam ahead of the G20 Finance Ministers’ meeting this weekend (July 18-19).  

A broken food system and environmental crises are now reversing decades of progress against hunger according to new Oxfam analysis. Tomorrow, Oxfam launches a new global campaign to ensure everyone has enough to eat always.

A broken food system and environmental crises are now reversing decades of progress against hunger according to new Oxfam analysis. Oxfam today launches a new global campaign for a hunger-free world.

Rich countries must open the way to cheaper mass-produced COVID-19 vaccines in order to protect every person in the world and avert a $9 trillion “worst case” global economic catastrophe, said Oxfam today. They should also agree this week to inject $650 billion more into the global economy to help developing countries cope with the pandemic’s already devasting effects.

The real possibility of eradicating global hunger and poverty in our lifetime is dependent upon the international community getting more serious in supporting smallholder agriculture – a sector that supports nearly 2 billion people and produces most of the world’s food. Tomorrow Oxfam International Executive Director Winnie Byanyima will address the 38th annual Governing Council meeting of the International Fund for Agricultural Development (IFAD) at the invitation of IFAD President Kanayo F Nwanze. The Governing Council is IFAD’s highest decision-…

The International Monetary Fund (IMF) board will meet this week [6 April] to discuss how to use the extra $2.8 billion windfall it made from selling 403.3 tons of gold late last year. The windfall profits should be used to cancel the debts of poor countries facing crises outside their control.

Responding to the IMF Board of Governors’ approval of a Special Drawing Rights (SDR) allocation of $650 billion, Nadia Daar, Head of Oxfam International’s Washington DC Office, said: “New SDRs will bring much-needed liquidity to struggling developing countries without adding to their unsustainable debt burdens. Now that this historic SDR issuance has been approved, governments must work transparently and together with civil society to ensure these resources are used to rescue collapsing health services and bolster social protection, and to deliver a fair and climate just recovery.