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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.

“We’re very pleased to see the World Bank focus its flagship report on inequality and underscore the threat that inequality poses to fighting poverty," said the head of Oxfam International’s Washington office, Nadia Daar. 

A new report, Exploring the Links Between International Business and Poverty Reduction: Bouquets and Beans from Kenya, has been released by Oxfam and International Procurement and Logistics (IPL).

In response to IMF Chief Economist Gita Gopinath’s statement that the coronavirus pandemic will trigger the worst economic fallout since the Great Depression, Nadia Daar, Oxfam International’s Head of Washington DC Office said: "The IMF’s assessment is chilling. The human suffering behind those numbers is almost unimaginable. Oxfam’s research shows that coronavirus could push half a billion more people into poverty".

Israeli authorities have rejected a warehouse full of international aid including oxygen, incubators and Oxfam water and sanitation gear all of which is now stockpiled at Al Arish just 40 km away from the border of 2.3 million desperate Palestinians in Gaza. In a new report today, Oxfam said this rejected aid was just one example of an overall humanitarian response that Israel has made so dangerous and dysfunctional as to be impossible for aid agencies to work at the speed and scale necessary to save lives, despite best efforts. 

Today the European Commission presented its flagship European Green Deal. Oxfam welcomes the ambition of the deal to make Europe the first climate neutral continent, and to transform itself into a sustainable circular economy. However, it is vital that the European Green Deal ensures revision of Europe’s climate targets for 2030 in time for next year’s UN climate summit.

New Oxfam analysis describes a $27 trillion black hole – accumulating at around $3.9 trillion a year to 2030 – that low-and-middle income countries face to meet climate-related loss and damages, adaptation, and mitigation measures, along with their health, education and social protection needs.

Oxfam and international and local partners are planning to help people in Mozambique hit by a second devastating cyclone in less than six weeks.

Oxfam International warns that households, bakeries and hospitals in Gaza will be left short of cooking gas as the major annual festival of Eid al-Adha begins this Friday, and calls on Israeli authorities to allow in the daily needed quantities.

People in northern Gaza have been forced to survive on an average of 245 calories a day - less than a can of fava beans - since January, as Israeli forces continue their military onslaught. Over 300,000 people are believed to still be trapped there, unable to leave.