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A year on since the UN warned of “famines of biblical proportions”, rich donors have funded just 5 percent of the UN’s $7.8bn food security appeal for 2021. More than 200 NGOs published an open letter today calling upon all governments to urgently increase aid to stop over 34 million people, from being pushed to the brink of starvation this year.

The World Bank has released new draft safeguard policies that will vastly weaken protections for affected communities and the environment at the same time as the bank intends to finance more high-risk projects, say 19 organizations. 

722 of the world’s biggest corporations together raked in over $1 trillion in windfall profits each year for the past two years amid soaring prices and interest rates, while billions of people are having to cut back or go hungry. 

Christine Lagarde, the International Monetary Fund’s managing director, and Jim Yong Kim, president of the World Bank, spoke Tuesday about their institutions’ priorities ahead of next week’s spring meetings in Washington. 

After enduring more than seven years of brutal conflict the people of Yemen have finally had the opportunity to experience what it means to feel hopeful. An unprecedented truce, now in its sixth month, brings with it the possibility for longer-term peace and the chance to rebuild lives and livelihoods. But while the conflict has slowed, humanitarian needs continue to increase, and the humanitarian response remains under and unequally funded. 

As the Annual Meetings of the World Bank kick off in Washington this week, Oxfam welcomed the focus on inequality, but urges top officials at the institution to align their words with their actions if they are serious about combating inequality and poverty. 

Over a third of the Yemeni population are facing extreme hunger, with rates of child malnutrition amongst the highest in the world. One year on from the expiration of the temporary peace agreement, Oxfam in Yemen is calling on all sides of the conflict to strive for a sustainable and inclusive peace, and for cuts to the international aid effort to be reversed. 

Oxfam warned today that millions of people in East and Central Africa, already suffering due to flooding and the impact of coronavirus, are at risk of increased hunger and poverty as the region braces for the latest generation of locusts which are due to hatch in June ―just when crops are to be harvested.

In response to the COP28 decision to advance the establishment of a loss and damage fund, Lyndsay Walsh, Oxfam’s Climate Policy Advisor, said: “After 32 years of pressure and 27 COPs, we finally have a loss and damage fund. Despite the shortcomings in its structure, this is a very welcome step towards supporting people recovering from the severe and irreparable consequences of climate-fueled disasters. However, this isn’t the end of the journey."

The World Bank continues to steadily increase support for privatized education in lower-income countries despite mounting evidence that this approach is freezing out poorer children ―especially girls― and doesn’t mprove education quality. Oxfam’s new report "False Promises" says the Bank should immediately stop promoting Public Private Partnerships (PPPs) that expand private education.