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Ahead of the Annual Meetings, international agency Oxfam urged the World Bank to sharpen and swiftly move forward on the new strategy to end poverty by 2030 and boost shared prosperity.

Oxfam warns that in spite of the advances made in the last decade, Latin America and the Caribbean remains the region of highest wealth inequality in the world. Its elites continue to accumulate extreme wealth and excessive power.

In response to the Forbes Rich List published today, which reveals there are now a record 1,826 billionaires in the world worth $7.05 trillion, Nick Bryer, Oxfam's Head of UK Policy, Programs and Campaigns said:“This is yet more evidence that the very few at the top are coining it in. At the other end of the scale there are nearly a billion people who go to bed hungry every night. Such extreme…

This second edition of the Commitment to Reducing Inequality (CRI) Index is based on a new database of indicators, now covering 157 countries, which measures government action on social spending, tax and labour rights – three areas found to be critical to reducing the inequality gap.

Responding to the World Economic Forum's Outlook on the Global Agenda, which places "Deepening Income Inequality" at the top of its list of concerns for world leaders in 2015, Kevin Roussel, Head of Oxfam International's Inequality Campaign said:   "These findings are the latest wake-up call for world leaders to get to grips with the explosion in extreme inequality, which has resulted in 85 people owning as much as the poorest 3.5 billion people on the planet."The growing body of evidence that inequality is a threat…

The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. If current trends continue, the world will have its first trillionaire within a decade but poverty won’t be eradicated for another 229 years.

Countries can start tackling inequality today by triggering an “economic stimulus” directly into the pockets of those who need it most – by investing more in public services like health and education.

Vietnam has a strong record of poverty reduction, but today, increasing inequality is threatening decades of progress. To tackle the dangerous gap between rich and poor, Vietnam should urgently implement progressive policies on governance, taxation, public spending, public services, labour rights, and civic engagement.

New figures released by the UN Food and Agriculture Organisation (FAO) show that the number of hungry people has risen for the third year in a row, mainly as a result of conflict and the climate crisis. However, despite the spiralling hunger and two global food price crises in a little over ten years, hunger has fallen off the political agenda.

Pressure is piling on the G20 to lead a global push to increase taxes on the richest citizens back to past levels that most people believe were fairer and more useful for society.