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Responding to the commitments made by the G20 today to combat the Coronavirus, Chema Vera, Oxfam International’s Interim Executive Director, said: “On the day that Imperial College London has warned that close to 40 million lives could be lost without urgent action, the world’s richest governments are still only warming up to the scale of the task.

"In lieu of global cooperation and solidarity, pharmaceutical companies are being empowered to act as kingmakers ―deciding who lives and who dies― and using this new-found power to extract subsidies and potentially high prices for new COVID-19 vaccines," said Oxfam today in response to reports that French pharmaceutical company, Sanofi, will prioritize the US for any new COVID-19 vaccine.

Given the tremendous financing needs, Oxfam supports a strong IDA20 replenishment. We are calling for a robust policy package that is appropriately ambitious for the next three years, aimed at propelling IDA countries forward towards a just economy after COVID-19 that is more equal and inclusive.

As the US, Ethiopia and European Union coalesce around a climate finance package of $100 billion, Oxfam is calling for rich countries to provide at least $200bn a year in new money to help poor countries adapt to a changing climate and reduce their emissions.

International agency Oxfam has welcomed the announcement by international drug purchasing agency UNITAID to create a patent pool for HIV drugs. Millions of poor people will now have access to cheaper, more appropriate medicines.

Today European leaders met in Brussels to agree an EU climate and energy package up until 2030.Leaders decided to curb C02 emissions by at least 40%, increase the amount of renewable energy in the mix to at least 27%, and set a non-binding target to reduce energy demand by at least 27%. In response to the announcement of the deal, Natalia Alonso, Oxfam’s Deputy Director of Advocacy…

The leadership of a handful of countries is masking the failure of the majority to deliver on their overseas aid promises, said Oxfam today in response to the publication of new figures for overseas aid spending by the Organisation for Economic Co-operation and Development (OECD).  “While total cash flows have plateaued, overseas aid has, yet again, fallen in real terms over the last year and less of this money is finding its way to the poorest and most vulnerable…

EU finance ministers have today adopted the first EU blacklist of tax havens. The list includes 17 mostly small countries. The EU has also published an additional grey list of countries that currently qualify as tax havens, but have promised reforms.Reacting to the news, Aurore Chardonnet, Oxfam EU policy advisor on inequality and tax, said:“It is disturbing to see mostly small countries on the EU blacklist, while the most notorious tax havens got away on the ‘grey list’.“It seems the EU’s pressure has obliged some of the most notorious tax havens like…

The poorest half of the world’s population - 3.5 billion people - is responsible for just 10 percent of carbon emissions, despite being the most threatened by the catastrophic storms, droughts, and other severe weather shocks linked to climate change.  

Investors are targeting the world’s weakest-governed countries to buy land, according to new analysis published by Oxfam to mark today’s international day of action on land grabs.