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More than 300 leading economists from 30 countries have today written to world leaders warning that there is no economic justification for allowing tax havens to continue, and urging them to bring an end to offshore financial secrecy. The letter comes ahead of the UK Government’s summit on offshore corruption in London on Thursday, which politicians from 40 countries as well as World Bank and IMF representatives are expected to attend.

In reaction to the United Nations Food Systems Summit, which was held over the past two days, Thierry Kesteloot, Oxfam’s food policy advisor said:“The Food Systems Summit has failed hundreds of millions who are going hungry every day, by offering elitist and mere band-aid solutions rather than tackling the root causes of our broken global food system.

In reaction to the GRFC 2023, Oxfam Global Food and Economic Security Lead, Emily Farr, said:  “For global hunger to rise for a fourth consecutive year in a world of plenty is a stain on our collective humanity. Decades of progress made to end poverty and hunger are being fast-reversed by conflict, economic shocks, and climate change.  

On this World Humanitarian Day, Oxfam and the Global Protection Cluster join the humanitarian community in celebrating frontline humanitarian leaders working to protect the lives and rights of people living through crises. 

Billionaire wealth has risen three times faster in 2024 than in 2023. At least five trillionaires are now expected within a decade. Meanwhile, the number of people living in poverty has barely changed since 1990. Inequality is out of control.

A new study for Oxfam reveals that developing countries are pledging to cut their emissions of greenhouse gases by more than developed countries. Oxfam estimates that over 60 per cent of emissions cuts by 2020 are likely to be made by developing countries.

Climate change affects poor people first and worst.

This report examines the failings of the global tax system that facilitate mass tax avoidance. It looks at one example of a multinational company (MNC) that Oxfam thinks is not paying its fair share. Moreover, it calls on governments and business to implement the reforms that are needed to stop MNCs from avoiding paying their fair share of tax in the future. 

This report launches a Global Call to Action on Indigenous and Community Land Rights, backed by more than 300 organizations all over the world. It is a manifesto of solidarity with the ongoing struggles of indigenous peoples and local communities seeking to secure their land rights once and for all.

Oxfam spokesperson Caroline Pearce said:   Economic crisis and growth