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"The IFC can’t simply wash its hands of responsibility for upholding its own policies. There must be reparations for the damages caused," said Christian Donaldson, Oxfam International’s Senior Advisor on International Financial Institutions, in response to he publication today of an independent investigation into a hydroelectric dam project in Guatemala that found the International Financial Corporation (IFC), the World Bank’s private sector arm, was negligent in preventing harm to indigenous communities.

The EU Council meets Thursday 25 to discuss the European-wide scarcity of COVID-19 vaccines that is sparking a dispute between European countries and the UK. The People’s Vaccine Alliance, supported by more than 50 organisations worldwide, is campaigning for free vaccines for all people around the world. It has spokespeople available for interview. 

Nyaluak Wiew presses both palms flat against the mud wall of her house, smoothing the wet clay in slow, circular motions. The afternoon light falls across her shoulders as she leans forward, careful not to let the mixture crack before it dries. The wall is cool under her hands. A shallow fire pit sits nearby, and thin branches support the roof above her.

The World Bank and the IMF must seize their early chance in what could be a watershed year to end extreme global poverty by putting the battle against inequality, climate change and tax dodging at the very top of its Spring Meetings’ agenda this week. 

The 50 biggest US companies, including global brands Pfizer, Goldman Sachs, GE, Chevron, Wal-Mart, and Apple, stashed $1.6 trillion offshore in 2015 –  $200 billion more than the previous year - according to a new report by Oxfam.  

A major diplomatic negotiation aiming to regulate the trade in weapons and ammunition is at risk of failing due to member states’ insistence to give every state the right to veto a future treaty, according to the Control Arms coalition.

Vaccinating the poorest half of humanity —3.7 billion people— against coronavirus could cost less than what the ten biggest pharmaceutical companies make in four months, Oxfam said today. 

This month, development and humanitarian NGOs faced a significant challenge when the Dutch government announced substantial funding cuts of 70%. These cuts are not an isolated incident: earlier this year, Germany announced further cuts in official development aid (ODA), with Belgium and France seeming to follow suit with announced cuts ranging from 15 to 40%. 

Climate change alert: Oxfam report reveals spiralling costs of 3 degree compared to 2 degrees warming.

Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population – a figure that has fallen from 388 just five years ago, according to an Oxfam report published today ahead of the annual gathering of the world’s financial and political elites in Davos.