Search results

Washington, DC— In reaction to World Bank President Jim Kim's announcement  of a new interim target of cutting global poverty to 9% by 2020, Oxfam spokesperson Raymond C.

Arms traffickers can too easily navigate the patchwork of national arms regulations, fuelling conflict while avoiding arrest and extradition, because countries have been too weak or reluctant to pass an international arms trade treaty, says international agency Oxfam.

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.

The fact that the IMF is proposing that adaptation efforts are funded by grants rather than loans is positive. But this will only work if developed countries ensure the money is there to resource this vital assistance to vulnerable countries.

Ahead of the Annual Meetings, international agency Oxfam urged the World Bank to sharpen and swiftly move forward on the new strategy to end poverty by 2030 and boost shared prosperity.

Oxfam’s Sarah Wynn-Williams said: “This farcical appointment process has damaged the IMF’s credibility.

Without urgent action to relieve developing countries of all their external debt payments this year, and ensure they don't accrue into the future, the coronavirus could lead to millions of deaths and force half a billion more people around the world into poverty, said Oxfam today in response to the G7's joint statement on debt moratorium for poor countries.

New figures released by the UN Food and Agriculture Organisation (FAO) show that the number of hungry people has risen for the third year in a row, mainly as a result of conflict and the climate crisis. However, despite the spiralling hunger and two global food price crises in a little over ten years, hunger has fallen off the political agenda.

In response to World Bank President Jim Yong Kim’s speech at George Washington University: "

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.