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The leadership of a handful of countries is masking the failure of the majority to deliver on their overseas aid promises, said Oxfam today in response to the publication of new figures for overseas aid spending by the Organisation for Economic Co-operation and Development (OECD).  “While total cash flows have plateaued, overseas aid has, yet again, fallen in real terms over the last year and less of this money is finding its way to the poorest and most vulnerable…

In 2005 the International Monetary Fund (IMF) introduced the Policy Support Instrument (PSI).

The global repercussions of the Ukraine crisis ―already being felt in fast-rising food, commodity and energy prices― could undermine official aid efforts to help people in other humanitarian hot-spots. 

Over 150,000 people from around the world have joined 35 organizations in calling for world leaders to press the Israeli government to lift the blockade on Gaza as its reconstruction could take 17 years with just 5% of building materials allowed in one year on since the end of the last conflict.

Despite some advances, progress towards meeting aid and development effectiveness targets is flat-lining, according to a report published by the Global Partnership for Effective Development Cooperation. 

Public aid money should not be used to fund corporate-backed private school chains that fuel inequality. Other donor agencies and governments now need to follow suit, said Oxfam today in response to the US House Financial Services Committee’s (HFSC) announcement that the World Bank and its private sector arm have approved a package of reforms.

Billionaire fortunes increased by 12 percent last year – or $2.5 billion a day - while the 3.8 billion people who make up the poorest half of humanity saw their wealth decline by 11 percent, reveals a new report from Oxfam today.

Oxfam congratulates António Guterres on his appointment to what is arguably one of most challenging jobs on the planet. Mr. Guterres brings a wealth of experience and leadership to the role to guide the UN in the years to come.  

Africa is losing billions to corruption, poorly negotiated deals and tax dodging. Leaders must listen to their people. They must crack down on tax dodging and maximize progressive revenues to create a more human economy for Africa.

This report shows the unparalleled power of public education to tackle growing inequality and bring us closer together. To achieve this, education must be both of good quality and equitable; it should be free, universal and adequately funded.