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An internal investigation released last night finds that World Bank Group staff kept quiet about a plantation company’s role in a violent land conflict in Honduras, when proposing loans to one of Central America’s top ten banks which funded it.

The COVID-19 crisis cost women around the world at least $800 billion in lost income in 2020, equivalent to more than the combined GDP of 98 countries, said Oxfam today.  

In response to the High-level Panel on Global Sustainability report presented to the UN Secretary General Ban Ki-moon in Addis Ababa today, Sarah Best of Oxfam said:

While the international community has stepped up to help those impacted by mega-emergencies, such as the earthquake in Haiti or the floods in Pakistan, unfortunately, “slow-onset” humanitarian crises, such as the worsening drought in the Horn in Africa, have not received the same attention.

As African Union's Heads of State meet in Malabo to discuss agriculture and food security in Africa, more than two million African citizens have called on their leaders to "Invest in our farmers, our food and our futures," and make progress on the Maputo Declaration. 

Pressure is piling on the G20 to lead a global push to increase taxes on the richest citizens back to past levels that most people believe were fairer and more useful for society. 

This paper is one of a series published by Oxfam in West Africa since 2009 on the effectiveness of aid in the agriculture and food sector. It analyses the West African context and reviews ECOWAP by looking at the processes and complex institutional structures currently in place.

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.

EU governments are losing out on a staggering 286.5 billion euros in revenue annually, equivalent to 33 million euros per hour, due to their failure to fairly tax Europe’s wealthiest. This amount, equivalent to Finland’s GDP, represents what a European wealth tax of up to 5 percent could raise every year, according to Oxfam’s analysis. 

Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population – a figure that has fallen from 388 just five years ago, according to an Oxfam report published today ahead of the annual gathering of the world’s financial and political elites in Davos.