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The IMF has already said that the coronavirus pandemic will trigger the worst economic fallout since the Great Depression —if ever there was a time to expand SDR allocations in a major way, it is now, said Oxfam today in response to the communiqué of the International Monetary and Financial Committee.

The scale of the losses could outweigh the $103bn developing countries receive annually in overseas aid.

Israel’s latest evacuation order, calling for a quarter of a million people to leave Eastern Khan Younis, violates the Geneva Convention and is in breach of multiple provisions of International Humanitarian Law, because it has failed to provide safe passage, or a safe final destination where basic humanitarian needs can be met, Oxfam said today. 

Responding to the

Fair tax regimes are vital to finance well-functioning states and to enable governments to uphold citizens’ rights to basic services, such as healthcare and education.

Reacting to the IPC announcement on the levels of hunger in the south of Yemen and their forecast for the months ahead, Oxfam’s Yemen Country Director, Muhsin Siddiquey said: “This new data shows how bleak the situation is for the millions of Yemenis struggling with hunger as conflict has decimated infrastructure, restricted food imports, and led to mass unemployment."  

Responding to reports that around 20 countries have committed to stop financing overseas fossil fuel projects by the end of 2022, Oxfam's climate policy lead Nafkote Dabi said: "This is an encouraging move that will divert much-needed resources to clean energy and help countries to develop in a low carbon way. Energy is vital to economic and social development, burning fossil fuels is not. This is the only way we can meet the collective goal of limiting global heating to 1.5°C."

At the request of the French government, currently chairing the G20, the Food and agriculture Organization of the UN (FAO) held today an emergency meeting to mobilize international support

Actress Kristin Davis has been visiting the Dadaab refugee camp in Kenya with Oxfam, to see the devastating impact of the drought. More than 10 million people are facing desperate food shortages in the worst food crisis of the 21st century.