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Emma Seery, Oxfam's spokesperson, said:

Women across the globe are facing new threats which risk dismantling decades of hard-won rights and derailing the effort to end extreme poverty, Oxfam warns today. 

The combined wealth of the richest 1 percent will overtake that of the other 99 percent of people next year unless the current trend of rising inequality is checked, Oxfam warned today ahead of the annual World Economic Forum meeting in Davos.

The gap between the rich and the rest is extreme and growing. G20 nations are not immune.

More than 170 former heads of state and government and Nobel laureates, including former Prime Minister of the United Kingdom Gordon Brown, former President of Colombia Juan Manuel Santos, former President of Liberia Ellen Johnson Sirleaf, former President of France François Hollande and Nobel Laureates Professor Joseph Stiglitz and Professor Francoise Barre-Sinoussi, today called on President Biden to support a waiver of intellectual property rules for COVID-19 vaccines and pursue a people’s vaccine to end the pandemic in an open letter today.

“We needed the World Health Assembly to unite behind a People’s Vaccine, not a Trump Administration seeking scapegoats for a pandemic it has mis-handled from the start", said Anna Marriott, Health Policy Manager at Oxfam, commenting at the closure of the World Health Assembly today.  

The COVID-19 death toll has been four times higher in lower-income countries than in rich ones, according to a new report published today by Oxfam on behalf of the People’s Vaccine Alliance as the world marks two years since the World Health Organization declared the pandemic. 

This report describes some of the work that Oxfam International has done so far around the world in response to the coronavirus pandemic. Three months into the crisis, we have reached over 4.5m people and aim to reach 14m people by raising €100m. 

“The G20 reiterated previous commitments to reduce inequality, boost the participation of women in work and phase out inefficient fossil fuel subsidies. The G20 said they would draw up a proper response to the refugee and migrant challenge next year, which is too late. The world needs urgent action now, not more words.”

Today’s World Wealth Report from Capgemini shows that times have never been better for the world’s wealthiest - since 2009 more than 4.5 million new millionaires have been created, rising to a total of 15.4 million millionaires across the world last year. Yet while the wealthy prosper, 702 million people living in extreme poverty are being left behind.