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At the Annual Meetings of the World Bank and the IMF in Peru this week, moves to help combat inequality and climate change were announced, but G20 finance ministers failed to adequately address the skewed international tax system, said Oxfam today.

Oxfam joins world leaders, civil society and people around the world to celebrate the adoption of the Sustainable Development Goals by world leaders at the United Nations, but cautions that progress toward them must be tangible, political and disruptive. 

Oxfam commended the World Bank for connecting the need to tackle climate change with the urgent fight to end poverty. In a new report, the Bank warned that more than 100 million additional people could be pushed into poverty by crop failures, floods, hunger, and other shocks caused by climate change. 

The World Bank’s new assessment on the scale of finance needed to help developing countries adapt to the unavoidable impacts of climate change – $75-100bn per year on average from 2010-2050 – is a vital and timely contribution to the current climate negotiations under way in Bangkok.

The World Bank and the International Monetary Fund cannot allow political and economic shocks to hijack their ambitions to combat climate change and curb inequality, warned Oxfam.

Oxfam welcomes today's World Bank report 'Clima

Climate change is the single greatest threat to development – making the battle to overcome poverty ever harder and more expensive.

A new report from the UN’s High-level Advisory Group on Climate Change Financing (AGF) makes it crystal clear that raising the public money to help poor countries build resilience to climate change is possible without putting the squeeze on taxpayers.

Oxfam joins in welcoming the endorsement of the Global Compact on Refugees today, but warned that this groundbreaking document will only make a difference it if is translated into concrete action. The endorsement of the Compact follows years of tireless work by world leaders, international organizations and refugee advocates whose voices have truly been a driving force in developing this document. Sarnata Reynolds, Oxfam’s Policy Advisor on Global Displacement…

Welcoming the publication of the World Bank report, Turn Down the Heat: Climate Extremes, Regional Impa