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Oxfam welcomes the G20’s attention to the sovereign debt crisis in the Global South, but warns about the risks involved in the G20’s approach to resolve it, outlined in more details in the IMF and World Bank Non-Paper on Actions to Support Countries Faced With Liquidity Challenges.  We strongly support the approach’s aim to significantly increase the net flow of resources to the Global South to back ambitious, country-owned national development and climate strategies. We urge the G20 to adopt several elements of the plan, including increasing bilateral grants, reviewing relevant IMF policies, increasing IMF and multilateral development banks’ resources including but not limited to a generous IDA21 replenishment, and redoubling efforts to promote effective and equitable domestic resources mobilization.

Elise Ford, Head of Oxfam’s EU office, said:

Oxfam welcomes Pope Francis' message on human rights and justice for sustainable development, delivered at the opening of the historic Sustainable Development Summit in New York.

More than a year since the start of the war in South Sudan, women and children are bearing the brunt of the crisis. For Nadia, her future remains uncertain.

On 18 - 19 March, the EU, UN, EU countries, INGOs and partners will meet in Brussels to discuss and shape the humanitarian agenda. At this third edition of the European Humanitarian Forum, the implications of the current, most pressing humanitarian crises will be explored, focusing specifically on the humanitarian funding gap and on neglected crises worldwide. The Forum comes at a critical moment with staggering humanitarian needs and right before the June European Parliament elections.  

The human face of global food price rises is often missing amongst the abstract discussions of macro-economic trends and global food price indices. In order to understand the im

Fears that the world’s worst cholera outbreak could be set for a massive resurgence are growing as aid agencies in Yemen are struggling to reach almost 40,000 people suspected to have the disease, Oxfam warned today.

In their Deauville Accountability Report, the G8 has massaged the figures, claiming to have delivered almost US$49 billion of the promised $50 billion. But according to the OECD, responsible for measuring the official aid figures, the G8 have delivered just $31 billion.

Major European supermarkets have upped their dividend payouts to shareholders by an average of 123 percent during the first eight months of the pandemic. Shockingly, hardly any of these supermarkets paid any substantial COVID-19-related support to the workers and farmers who throughout the crisis kept supply chains going.

The Coronavirus crisis could result in a catastrophic loss of life in poorer countries and push half a billion more people into poverty. This week, the G20 finance ministers, the IMF and the World Bank can offer an instant lifeline – by cancelling all external debt payments for 2020. This could save $40 billion immediately and support almost 500 million of the world’s poorest to survive this crisis.