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Patients living in poverty in the Global South are being bankrupted by private healthcare corporations backed by multi-million-dollar investments from development finance institutions (DFIs) run by the UK, French, German and other rich country governments. DFIs like the World Bank’s International Finance Corporation (IFC) and the European Investment Bank (EIB) invest public funds via the private sector to help foster economic development in the Global South and tackle poverty. However, Oxfam published two investigations on DFI funding into private hospital chains and other for-profit healthcare corporations operating in low- and middle-income countries and found cases of them.   

Water-related disasters forced people to flee from their homes nearly eight million separate times in 10 of the world’s worst-hit countries last year, with many having to move multiple times – a 120% increase compared to a decade ago, said Oxfam today. 

Since March 2020, schools in Uganda have been closed because of the COVID-19 pandemic. In Bidibidi refugee settlement, one of the largest in the world hosting over 280,000 refugees mainly from the Equatoria region in South Sudan, more than 80,000 children have been affected.

Nearly two out of every five families in Yemen buy food and medicines using debt, according to Oxfam research published today. 

Contrary to the positive picture painted by the International Monetary Fund in its 2010 World Economic Outlook, poor countries are being forced to cut back on their economic crisis-response spending too soon.

Urgent call on parties to abide by their commitments towards a permanent ceasefire in Lebanon and appeal to the international community.

The resumption of aid into Gaza, including fuel to operate undamaged water and sanitation systems along with water trucking, has improved the amount of water available to people in some parts of Gaza. But the picture remains extremely bleak and dangerously critical, especially in the North Gaza and Rafah governorates, warned Oxfam today. 

The European Union must overhaul its current bioenergy policy, which is based on getting fuel from plants, because the industry is linked to the eviction of thousands of people from their lands, out-competing food crops, and creating more not less pollution, says Oxfam in a new report.

Ahead of shareholder meetings for the giant pharmaceutical corporations, the People’s Vaccine Alliance calculates that Pfizer, Johnson & Johnson and AstraZeneca have paid out $26 billion in dividends and stock buybacks to their shareholders in the past 12 months.

Less than half (49 per cent) of the 2.1 billion COVID vaccine donations promised to poorer countries by G7 countries have been delivered, according to new figures published today by Oxfam and the People’s Vaccine Alliance.