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A Eurozone breakup could cost the world’s poorest countries $30 billion in lost trade and foreign investment, international agency Oxfam has warned ahead of the G20 leaders meeting in Mexico to discuss the state of the global economy.

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.

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.

“People have become complacent about COVID-19. Our global (health) funds are fast running out of money. Vaccine inequity is getting worse,” said former UK prime minister Gordon Brown today. 

More than half (57 percent) of the world’s poorest countries, home to 2.4 billion people, are having to cut public spending by a combined $229 billion over the next five years, reveals new analysis by Oxfam today ahead of the World Bank and International Monetary Fund (IMF) Annual Meetings in Marrakech. 

The Greek government is operating “a two-tier refugee response” - one for Ukrainians and one for all other refugees according to a new briefing by the Greek Council for Refugees, Oxfam and Save the Children. 

Joint statement by humanitarian, development and civil-society organizations - leaders at UNGA 81 should act on interconnected priorities.

94 percent of countries (94 out of 100 countries) with current World Bank and International Monetary Fund (IMF) loans have cut vital investments in public education, health and social protection over the past two years, according to a new report published today by Oxfam and Development Finance International (DFI).

11 years after the Syrian conflict began, six in ten Syrians do not know where their next meal is coming from, said Oxfam today. It warned that reliance on imports from Russia means the current crisis in Europe could ripple into Syria, exacerbating food shortages and causing food prices to soar. In the last year, food prices in Syria have doubled.

The Pledge For Change is an interagency initiative to decolonize aid by changing the ways that the sector thinks about and delivers aid. It builds on previous commitments made by Oxfam and multiple other organizations across the sector in pursuit of the Global Goals agreed by world leaders in 2015