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At the Annual Meetings of the World Bank and the IMF in Peru this week, moves to help combat inequality and climate change were announced, but G20 finance ministers failed to adequately address the skewed international tax system, said Oxfam today.

Oxfam commended the World Bank for connecting the need to tackle climate change with the urgent fight to end poverty. In a new report, the Bank warned that more than 100 million additional people could be pushed into poverty by crop failures, floods, hunger, and other shocks caused by climate change. 

Responding to the publication of the Intergovernmental Panel on Climate Change Report on Climate and Land, Aditi Sen, Oxfam’s senior climate policy advisor, said: “Land is central to the fight against the climate crisis and hunger. Industrial agriculture, deforestation and increasing weather shocks are destroying the land we depend on for food, with the world’s poorest hit hardest. “We need to put a stop to destructive industrial agriculture and invest in agro-ecological approaches that store carbon, improve soil health and increase…

In “Powering the Transition,” Oxfam details how together, the World Bank, the Asian Development Bank, and the Asian Infrastructure Investment Bank are investing almost $5 billion in fossil fuels in the 10 Asian countries that belong to the Climate Vulnerable Forum.

Ministers must deliver on their climate finance promises and support a second wave of attack on corporate tax cheats if their Lima meeting is to succeed, said Oxfam today. 

If Europe were to rule out its support of biofuels by 2020, the region could lower its net imports of grain and oilseeds by up to 27 million tons, remarkably reducing its dependence on foreign goods. Global food prices could also drop significantly.

This year’s G20 Summit will raise the stakes for the group to prove itself against growing doubts about its effectiveness – not least for people living in poverty, says Oxfam.

Indigenous Peoples and local communities protect half the world's land, but formally own just 10 percent, according to a report released today by a global alliance of NGOs.The report, “Common Ground: Securing Land Rights and Safeguarding the Earth,” is published by the International Land Coalition (ILC), Oxfam, and the Rights and Resources Initiative (RRI). Together with more than 300 organizations and communities from around the world, they have launched the Land Rights Now campaign, calling for the amount of land these communities…

In a puzzling move, inequality was not on the agenda at the International Monetary Fund’s Press Briefing in the Peruvian capital today, while World Bank President Jim Kim said TPP could boost growth.

Millions of people face being displaced from their homes as new data shows land sales covering an area the size of Germany are now under contract, warns Oxfam.