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When the G20 meets in Seoul in November 2010, it has a big choice to make.

Suspending debt owed to rich countries is only one piece of the puzzle. Rich private banks and investors should be pushed to cancel debts by enforcement and not left to voluntary action, said Oxfam today in response to the announcement that the G20 has agreed to suspend debt repayment of the poorest countries.

Last year poor people around the world endured the consequences of the food and energy price crisis.

French President Sarkozy and European Commission President Barroso spoke at today’s conference on commodities and raw materials in Brussels, organized by the European Commission ahead of next week’

At the end of the G20 Summit in Rome, Italy, Oxfam panned the lack of bold and effective action from the world leaders at such an important moment in the global response to the COVID-19 pandemic. 

Multinational tax evasion is entrenching poverty and weakening developing country economies, Oxfam has warned ahead of the G20 leaders meeting in Russia to chart a plan for boosting global economic growth.

The world’s poor must not pay the price for the collapse of financial markets. Without immediate action, millions will suffer.

Ahead of the virtual G20 Summit tomorrow, Chema Vera, Oxfam International’s Interim Executive Director, urged G20 leaders to act boldly and across borders to save millions of lives.

Europe is turning its back on poor countries just when they need help most. At a crucial time just ahead of the G20 Summit in London, the EU is empty-handed and in no fit state to lead the world on the two biggest issues we face today – the economic and climate crisis.

This year’s G20 Summit will raise the stakes for the group to prove itself against growing doubts about its effectiveness – not least for people living in poverty, says Oxfam.