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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.

A group of powerful women from the front-line in the fight against poverty have appealed to European leaders to ensure health and education for all people by rescuing the Millennium Development Goals.

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.  

Increasing aid and making it more effective can help poor people become more politically active in decisions that affect them, while also supporting governments to become more accountable and plot their own path to achieving the Sustainable Development Goals.

The Global Partnership for Effective Development Cooperation, established in Busan, South Korea in 2011, set the international standard on the principles of effective aid and good developme

In reaction to the UNFCCC NDC Synthesis report launched today, Oxfam's Global Climate Policy Lead, Nafkote Dabi, said: “Today’s report findings are appalling. The combined climate plans submitted account to a dismal 1% emissions reduction, far below the 45% reduction needed to limit global warming below 1.5 degrees, and avoid disastrous impacts on vulnerable communities."  

At a time of great need, aid and other forms of development cooperation are at risk. Representatives from donor countries and developing countries alike will meet at the end of 2016 to discuss the way forward. The direction they take has the potential to affect millions of lives, for better or worse.

The European Parliament voted on the report "Own resources: a fresh start for the EU Finances, a new start for Europe". The ONE Campaign, Oxfam, ActionAid and Global Citizen are campaigning for any new own resources to be used to increase the EU’s external action budget to deliver on the EU’s promises on global development and climate action.  

Today, EU countries agreed on a renewed EU global health strategy - the EU’s global vision for funding and international cooperation in relation to health. In response, Oxfam EU health expert, Piotr Kolczynski, said: “In the EU’s Health Commissioner's own words, where you live should not determine whether you live or die. But EU countries only pay heed to these words within Europe’s borders. In the rest of the world, the EU is playing the industry's game and undermining the right to health of the world's poorest people. 

Today, 26 EU leaders agreed on a revision to the EU’s long-term budget, with one EU country blocking the agreement. If confirmed in the new year, the deal would slash the new funding for external action proposed by the European Commission and supported by the European Parliament by prioritizing investment in migration management instead.