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The fact that the IMF is proposing that adaptation efforts are funded by grants rather than loans is positive. But this will only work if developed countries ensure the money is there to resource this vital assistance to vulnerable countries.

Ahead of the Annual Meetings, international agency Oxfam urged the World Bank to sharpen and swiftly move forward on the new strategy to end poverty by 2030 and boost shared prosperity.

At least nine people have become new billionaires since the beginning of the COVID pandemic, thanks to the excessive profits pharmaceutical corporations with monopolies on COVID vaccines are making, The People’s Vaccine Alliance revealed today ahead of a G20 leaders Global Health Summit.

More than 200 million people will be trapped unnecessarily in extreme poverty - despite world leaders’ pledge to end it - unless action to tackle economic inequality is accelerated. 

Oxfam’s Sarah Wynn-Williams said: “This farcical appointment process has damaged the IMF’s credibility.

Despite being largely virtual, this year’s UN General Assembly opening week will remain a vital convening space where leaders and civil society can jointly discuss and tackle some of the gravest issues we face today.

In reaction to today’s global COVID summit hosted by President Biden, campaigners from the People’s Vaccine Alliance caution that ambitious goals to vaccinate the world will only be met with bold action to increase manufacturing, technology transfer, and access to COVID-19 vaccines around the world, not empty promises.

The G20 must scrap their most damaging biofuel policies and demand more open information about food stocks as part of urgent measures needed to tackle global food price volatility.

Finance ministers and central bankers from the G20 nations met in London on Saturday, as a preparatory session for the G20 meeting in Pittsburgh later this month, and to lay the groundwork for the Copenhagen climate talks in December.

Epidemiologists, from some of the world’s leading academic institutions, delivered a stark warning today of the risk the world is taking by failing to ensure all countries have sufficient vaccines to protect people from COVID-19.