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Global dividend payments to shareholders grew on average 14 times faster than worker pay in 31 countries, which together account for 81 percent of global GDP, between 2020 and 2023, reveals Oxfam’s new analysis ahead of International Workers’ Day (May 1). 

The World Bank is forecasting that, for the first time ever, the number of people living in extreme poverty will fall under 10% of the world's population, to around 702 million people.

Rich countries must open the way to cheaper mass-produced COVID-19 vaccines in order to protect every person in the world and avert a $9 trillion “worst case” global economic catastrophe, said Oxfam today. They should also agree this week to inject $650 billion more into the global economy to help developing countries cope with the pandemic’s already devasting effects.

Halfway through the Cancun climate talks, negotiators have an opportunity to make real progress on a fair global climate fund and climate finance, said Mary Robinson, former President of Ireland and Honorary President of Oxfam.

The real possibility of eradicating global hunger and poverty in our lifetime is dependent upon the international community getting more serious in supporting smallholder agriculture – a sector that supports nearly 2 billion people and produces most of the world’s food. Tomorrow Oxfam International Executive Director Winnie Byanyima will address the 38th annual Governing Council meeting of the International Fund for Agricultural Development (IFAD) at the invitation of IFAD President Kanayo F Nwanze. The Governing Council is IFAD’s highest decision-…

The International Monetary Fund (IMF) board will meet this week [6 April] to discuss how to use the extra $2.8 billion windfall it made from selling 403.3 tons of gold late last year. The windfall profits should be used to cancel the debts of poor countries facing crises outside their control.

In July 2014, a new multilateral and southern-led development bank is expected to be launched by the leaders of Brazil, Russia, India, China and South Africa – better known as the BRICS.

In reaction to the publicaiton today of the FAO’s “State of Food Insecurity and Nutrition in the World 2023” report, stating that up to 783 million people faced hunger in 2022, and that 600 million persons will be chronically undernourished in 2030, Hanna Saarinen, Oxfam International Food Policy Lead said:  “It is unforgivable for governments to watch millions of people going hungry in a world of plenty, as they put the interests of mega-rich agribusinesses and energy companies before those of the most vulnerable people and widen the inequality gap.  

In response to today’s open letter from global CEOs to World Leaders urging concrete climate action, Tim Gore, Oxfam International’s Climate Advisor, said:“We welcome engagement by a broad group of companies across sectors calling on governments to agree an ambitious deal at the UN climate talks in Paris later this year. But companies themselves need to go further in addressing their own climate change footprints by…

Responding to the IMF Board of Governors’ approval of a Special Drawing Rights (SDR) allocation of $650 billion, Nadia Daar, Head of Oxfam International’s Washington DC Office, said: “New SDRs will bring much-needed liquidity to struggling developing countries without adding to their unsustainable debt burdens. Now that this historic SDR issuance has been approved, governments must work transparently and together with civil society to ensure these resources are used to rescue collapsing health services and bolster social protection, and to deliver a fair and climate just recovery.