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Behind the official statistics, farmers, manufacturing workers, migrant workers, waste-pickers, and women working unpaid in the home all over the world are asking the same question: ‘What h

Today EU Finance Ministers, meeting in Luxembourg, agreed to drop the idea of an EU-wide European Financial Transaction Tax (FTT).

Reacting to the draft G20 communiqué circulating on Monday 17th, Oxfam spokesperson Carlos Zarco said:

At the request of the French government, currently chairing the G20, the Food and agriculture Organization of the UN (FAO) held today an emergency meeting to mobilize international support

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. 

Oxfam condemns today’s decision by EU Finance Ministers to delay talks on a European Financial Transaction tax (FTT) until December. 

Europe’s crisis must be fixed because it is becoming a serious drain on developing countries already reeling from volatile food prices and aid cuts. But it’s not good enough for the G20 to fixate on Europe and forget about the rest of the world.

Coronavirus is threatening us all. With each day, in every family, community and country, more of us are being personally affected by it. To beat the pandemic and avert harm to the lives of billions we must work together. We need to act across all countries and for every person. Fighting for some but not others is not an option. It only fuels risk for us all.

European states insisting on emerging countries providing their ‘fair share’ while continuously failing to reach their own aid targets is a backward step. 

Less than eight cents in every dollar raised in tax revenue in G20 countries now comes from taxes on wealth, reveals new analysis by Oxfam today ahead of the first meeting of G20 Finance Ministers and Central Bank Governors in Sao Paulo, Brazil.