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Oxfam applauds the World Bank's new strategy to halve extreme poverty by 2020 and end it by 2030, but swift action is now needed to bring the strategy to life.

If left unchecked, austerity policies could put between 15 and 25 million more Europeans at risk of poverty by 2025, bringing the number of people at risk of poverty in Europe up to 146 million.

Rich countries are exaggerating how much they are spending to tackle poverty and inequality in poor countries.

The international humanitarian response system will fail to cope with the expected rise in the number of people exposed to crises unless there are more resources closer to where disasters happen and there is more investment in preventing and reducing the risk of disasters, warns Oxfam.