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Oxfam is deeply concerned by the outcomes of the G7 Summit in Kananaskis. At a time when urgent global crises demand bold and united action, the summit fell short of delivering the leadership the world needs. 

The 4th International Financing for Development Conference (FfD4)2 must address the extreme inequality crisis that threatens people and the planet. The richest one percent has the same wealth as 95% of humanity3 while global decision-making processes keep reproducing colonial patterns of power relations that leave billions behind and block progressive multilateral reform. Inequality occurs on two fronts, national and global. The gap between the richest and the rest at the national level is very high or rising in most countries. Simultaneously the gap between the richest countries and the Global South rose sharply due to COVID-19 and the subsequent economic and debt crises, remaining unacceptably high. 

In response to Spain, Brazil and South Africa’s new global coalition to tax the super-rich, launched today at the Fourth Financing for Development Conference in Seville, Oxfam Tax Justice Policy Lead Susana Ruiz said:

The Group of Seven (G7) countries are set to slash their aid spending by 28 percent for 2026 compared to 2024 levels.

Aid cuts and humanitarian deadlock are fuelling a full-blown public health disaster.

Today civil society organisations in Brussels are calling on European countries to raise their  ambition after the release of a ‘deeply disappointing’ collective EU position in the Council Conclusions ‘ahead of the 4th International Conference on Financing for Development’, taking place in Spain next month. 

Preventable diseases are sweeping the Democratic Republic of Congo (DRC). Cholera cases increased by 326, Mpox by 269, and measles by 95 people in North Kivu alone, during the last week of February, according to Oxfam’s partners on the ground. 

International development cooperation has consistently been an integral component of the European Union's foreign policy. Like diplomacy, development cooperation is a means to foster stability, security and prosperity for all in an increasingly interconnected world. The COVID-19 pandemic, the climate crisis and the ripple effects of Russia’s full-scale invasion in Ukraine have underscored our global interdependence and the imperative for international collaboration, investment, and partnerships that promote equitable development globally while safeguarding the long-term interests of the EU and its citizens.  

New Oxfam analysis ahead of the world’s largest development financing talks in a decade, in Seville, Spain.

Israel's decision is a reckless act of collective punishment, explicitly prohibited under international humanitarian law.