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The International Monetary Fund’s (IMF) gold holdings have increased in value by $19.3 billion since the start of the global coronavirus pandemic, said Oxfam today. 

The fight to end the illegal and irresponsible arms trade goes on after delegates at the United Nations failed to reach consensus and agree an Arms Trade Treaty. Final text disappointing but not the end of the story.

Efforts to end the irresponsible and poorly-regulated international arms trade are at risk of failure, as negotiations at the United Nations enter a critical final week, campaigners warned today.

States must use every available minute to draw up a new international arms treaty that could save thousands of lives every year, NGOs from around the world said today as negotiators from 192 governments begin formal talks at the United Nations on Monday.

G20 finance ministers meeting in London this weekend should provide a $280 billion bailout for millions of poor people struggling to survive the economic crisis. We provide three easy ways the G20 could deliver this up.

New Oxfam analysis describes a $27 trillion black hole – accumulating at around $3.9 trillion a year to 2030 – that low-and-middle income countries face to meet climate-related loss and damages, adaptation, and mitigation measures, along with their health, education and social protection needs.

An internal investigation released last night finds that World Bank Group staff kept quiet about a plantation company’s role in a violent land conflict in Honduras, when proposing loans to one of Central America’s top ten banks which funded it.

87 percent of the International Monetary Fund’s (IMF) COVID-19 loans are requiring developing countries that have been denied equal access to vaccines and are facing some of the world’s worst humanitarian crises to adopt tough, new austerity measures that will further exacerbate poverty and inequality.

After an opening week, characterized by procedural delays and wrangling, this past week delegates finally got down to content discussions. However they still do not have the basis for negotiation on most of the key elements of the treaty.