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Donor government negotiators are considering scrapping the global aid monitoring system that keeps donors honest and improves the quality of their foreign assistance, Oxfam warns.

Government negotiators meeting in Busan, South Korea are working through the night in a last ditch effort to reach a deal on the future of global aid

There has been a catastrophic failure by the international community to forge a global ceasefire in order for countries in conflict – and the world at large – to stop the coronavirus and save millions of lives, said Oxfam today.

Commenting on the publication of a new UN Report on the State of Food Security and Nutrition in the World, which highlights that 60 million more people are hungry today than they were five years ago, and three billion men, women and children – over a third of humanity – cannot afford enough healthy food to eat, Rashmi Mistry, head of Oxfam's Grow Campaign, said: "The UN report is highly alarming. It shows our global food system is unravelling at the seams."

With its new long-term budget, the EU missed a chance to put itself at the forefront of a fair and green recovery from the coronavirus pandemic, Oxfam said today.

The recovery fund and long-term EU budget agreed today do not match the urgency of our current situation and the challenges ahead, said Oxfam.

As 2020 draws to a close, the economic devastation caused by the COVID-19 pandemic shows no sign of abating. Our analysis shows that none of the social protection support to those who are unemployed, elderly people, children and families provided in low- and middle-income countries has been adequate to meet basic needs.

Rich countries must open the way to cheaper mass-produced COVID-19 vaccines in order to protect every person in the world and avert a $9 trillion “worst case” global economic catastrophe, said Oxfam today. They should also agree this week to inject $650 billion more into the global economy to help developing countries cope with the pandemic’s already devasting effects.

An international coalition of human rights law groups, public health experts, and civil society organisations is taking legal action against the US, UK, Germany, Norway, and Switzerland, on the grounds that these countries are in violation of international human rights law by failing to intervene on what has been an inequitable and racially discriminatory rollout of the vaccine and other COVID healthcare technologies.   

Today, a group of 83 millionaires from seven countries, the “Millionaires for Humanity”, released an open letter to governments, calling for a permanent tax increase on the very wealthiest to help pay for the global recovery from the COVID-19 crisis.