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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.

Comment ahead of the Vaccine Alliance pledging conference tomorrow (4 June) that is expected to raise at least US$ 7.4 billion to support the roll out of vaccination programs across the developing world, and establish a new fund to help developing countries buy and distribute a coronavirus vaccine.

“Today’s lack of progress on debt relief is as irresponsible as it is underwhelming. Merely encouraging private sector creditors and multilateral banks to participate in the Debt Service Suspension Initiative (DSSI) is woefully inadequate and a dereliction of duty. The G20 is in denial of the scale of response needed to address the worse global crisis in a century," said Jaime Atienza, Oxfam International’s Debt Policy Lead, in response to the communiqué of the G20 Finance Ministers and Central Bank Governors Meeting.

Responding to the publication of the Fiscal Monitor by the International Monetary Fund today, Susana Ruiz, Oxfam International's Tax Policy Lead, said: “Oxfam strongly welcomes the IMF’s call for progressive and emergency taxes to fund the recovery from the COVID-19 crisis, including taxing excess corporate profits and top income levels.

In advance of the UNSC Briefing on the crisis in Tigray, Oxfam in Ethiopia’s Country Director Gezahegn Kebede Gebrehana, said: “Days after the unilateral ceasefire was announced and as communities and global leaders grapple with the new context, millions of people across Tigray and surrounding areas remain in crisis. Even with the ceasefire, many vulnerable people are left without protection and resources, and need is only expected to grow."

COVID-19 has pushed millions into poverty in East Africa, and worsened inequality. However, building back during and after the pandemic offers East African governments a once-in-a-generation opportunity to do what their citizens want: make their economic systems fairer by increasing taxes on wealthy and large corporations, boost public spending, and improving workers’ rights.

In response to the outcome of COP28, Oxfam International’s Climate Change Policy Lead Nafkote Dabi said: “Everyone fighting against the global climate crisis has little to celebrate from this disappointing COP28. Its final outcome is grossly inadequate. Oil, coal and gas won again, but they had to struggle harder to do so and their era is nearing its end."   

For over ten years, Oxfam has organized its work around dismantling inequality and power concentration. Today, the fight against inequality is more urgent than ever before. This updated toolkit aims to equip Oxfam staff and allies with the skills necessary to scale up their efforts to tackle inequality at the national level.

About 60 million people across the world face worsening hunger and poverty due to droughts and crop failures that have been exacerbated by the El Niño weather system in 2015/6. This short report gives a voice to some of the people that Oxfam is working with in Ethiopia, Malawi, Zimbabwe, El Salvador and Papua New Guinea.

This multi-country research report examines the problem of implementation gaps – government failures to fulfill their legislative obligations to address and prevent violence against women and girls.