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Details of the World Bank’s climate finance flows to developing countries are being poorly disclosed and may be hiding discrepancies and allowing for dubious claims, according to a new report by Oxfam.

Oxfam teams in Turkiye and Syria are assessing along with partner organisations the fastest, most appropriate humanitarian efforts to help affected people in the aftermath of Monday’s devastating earthquake – the biggest in Turkiye since 1939. 

Today, the European Commission presented its proposal for new sources of revenue for the EU’s budget.  

Today’s proposal by the European Commission to cap support for biofuels made from food crops at 5% of the demand for energy in transport sends a welcome but long overdue message to markets

In reaction to today’s EU Environment Ministers’ biofuels debate, Marc-Olivier Herman, Oxfam’s EU Policy Advisor, said:

Evidence is mounting that a second wave of Covid-19 is already underway in Yemen, Oxfam warned today, with a 22-fold increase in recorded cases in recent weeks. It comes at a time when it is feared renewed fighting will force hundreds of thousands of people to flee to safety.

G7 leaders meeting in Taormina, Sicily, this week should take the lead in fighting famine and immediately fund nearly half of the UN’s urgent appeal to avoid catastrophic hunger and more deaths.

While we are encouraged by the Chair statements and the Summit deliberations, Oxfam believes that African leaders have let African women down, in their effort to end the conflict and find a peaceful resolution to years of brutality and violence that ripped the continent.    

According to the Economic Community of West African States (ECOWAS), the impact of the coronavirus pandemic could increase the number of people at risk of a food insecurity and malnutrition from 17 million to 50 million people between June and August 2020.  

The International Monetary Fund’s (IMF) gold holdings have increased in value by $19.3 billion since the start of the global coronavirus pandemic, said Oxfam today.