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The world’s richest 1% increased their wealth by more than $33.9 trillion in real terms since 2015, reveals new Oxfam analysis ahead of the world’s largest development financing talks in a decade, in Seville, Spain. This is more than enough to eliminate annual poverty 22 times over at the World Bank’s highest poverty line of $8.30 a day. But about 60% of low-income countries remain in or at risk of debt distress.

Extreme Inequality is Derailing Global DevelopmentA decade ago, the world’s countries agreed to a vision of what the common good looks like—the Sustainable Development Goals (SDGs)—and a plan to finance that vision—the Addis Ababa Action Agenda. Ten years later, the SDGs and the Addis Agenda are failing.

New survey by Greenpeace and Oxfam ahead of Bonn climate talks where governments are discussing key climate policy priorities.

A commitment to increase and accelerate public finance is adaptation’s bottom-line.  Without it, the Paris agreement will be a mitigation deal for big emitters, not a climate change agreement for all. This briefing sets out Oxfam's demands on adaptation finance post 2020 that need to be agreed in Paris at the end of this year.

In response to the publication of the Organization for Economic Cooperation and Development’s preliminary data on Official Development Assistance for 2024.

Today, EU Foreign Policy Chief, Kaja Kallas, presented a review of the EU-Israel Association Agreement at the meeting of EU Foreign Affairs Ministers. In response, Agnes Bertrand Sanz, Oxfam Humanitarian Expert, said:   “There are moments in history where delay and distraction are not neutral, it is a decision. While EU ministers continue to debate and defer, entire families in Gaza are being buried under rubble and people are being killed while trying to get food.  

As EU and Israeli officials meet today behind closed doors to discuss their bilateral relationship, Agnès Bertrand-Sanz, Oxfam humanitarian expert, said: “The EU includes human rights clauses in its bilateral deals for a reason, yet with Israel, these clauses seem optional. By having this meeting, the EU is signalling that it is business as usual”. 

Reacting to the announcement that Israel will allow a limited amount of aid into Gaza, Wassem Mushtaha, Oxfam’s Gaza Response Lead, said: “While some aid was allowed into Gaza today, it will only be a trickle amongst a sea of need. For over 70 days Israel has been starving the people of Gaza, depriving them of food, water, medicine and essential supplies while escalating its cruel and indiscriminate bombing campaign.

Ahead of the EU foreign affairs ministers' meeting to discuss the EU-Israel Association Agreement, Agnes Bertrand Sanz, Oxfam Humanitarian Expert, said: “The cost of inaction is measured in lives. Oxfam and partners see firsthand the unspeakable toll in Gaza: homes flattened, hospitals destroyed and looming famine. No one should live in this constant fear, not knowing if today will be the day they die. There is no time for more debate and no room for passing the buck. It is time for leadership and decisive action. Europe must ask itself: does it want to be complicit in these atrocities?” 

The richest 1 percent have burned through their share of the annual global carbon budget —the amount of CO2 that can be added to the atmosphere without pushing the world beyond 1.5°C of warming— within the first 10 days of 2025, reveals new Oxfam analysis.