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Oxfam finds that the new texts reflect unchangd country positions with many key issues still unresolved. 

Oxfam Executive Director Helen Szoke said: “Climate funding, urgent emissions reductions and loss and damage must not be the casualties in the eleventh hour. More adaptation funding and stronger action to curb emissions are crucial for the world’s poorest and most vulnerable communities, while people need further support where adaptation is no longer an option.”What happened to the outcome expected today?The text that the COP Presidency presented last night was ultimately a proposal on what they thought could be a platform for agreement. However, when the…

Public aid money should not be used to fund corporate-backed private school chains that fuel inequality. Other donor agencies and governments now need to follow suit, said Oxfam today in response to the US House Financial Services Committee’s (HFSC) announcement that the World Bank and its private sector arm have approved a package of reforms.

The roadmap, while long overdue, is a step forward in the world’s efforts to adapt to and combat climate change. Unfortunately, the roadmap’s projection to double the financial support to help countries adapt to climate change is nowhere near enough to ensure the needs of the most vulnerable are met, said Isabel Kreisler.

Despite millions of people being pushed into hunger and poverty, 143 countries — including 94 developing nations — are implementing policy measures that undermine governments’ capacity to provide healthcare, education and social protection.   

The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth. 

Over a quarter of a billion more people could crash into extreme levels of poverty in 2022 because of COVID-19, rising global inequality and the shock of food price rises supercharged by the war in Ukraine, reveals a new Oxfam brief today. 

The G20, the preeminent global economic decision making body, has thrown its political weight behind the commitment to shared growth and narrowing the development gap through its Seoul Deve

Oxfam has today warned that the $100billion a year pledged by rich nations to help fight climate change could fail the poorest people, if recent moves to deliver climate cash as loans continue.

More than a million women and girls in Burkina Faso are facing increased sexual violence, hunger and water shortage as a result of the coronavirus pandemic on top of the existing conflict, said Oxfam today.