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Given the immense financing needs to achieve development goals —nearly $4 trillion annually— Oxfam supports a robust and generous IDA replenishment. But reaching a record dollar amount only makes a bigger IDA, when what is most needed is a better IDA. A better, more impactful IDA must minimize the cost of finance, but more importantly catalyze investments that reduce inequality. After all, funds like IDA remain so crucial in part because we have collectively failed to address extreme inequality within and between countries. 

This report reflects Oxfam’s emphasis on the role of sustainable livelihoods in rural areas, particularly agriculture, in reducing poverty and inequality.

Oxfam welcomes the final report of the Independent Commission on Sexual Misconduct, Accountability and Culture Change.  

Today the European Commission outlined its stance on how to finance the new Sustainable Development Goals ahead of the international Financing for Development conference in Addis Ababa in July, deciding to pass responsibility onto other, including less-developed nations.

The European Court of Auditors' long-overdue report finally evaluates an important financing mechanism for development, but takes a purely financial perspective instead of looking at results delivered for beneficiaries.

The international community must support the Nepalese government to grasp a golden opportunity to rebuild the country and make it more resilient to future disasters.

According to the Economic Community of West African States (ECOWAS), the impact of the coronavirus pandemic could increase the number of people at risk of a food insecurity and malnutrition from 17 million to 50 million people between June and August 2020.  

Days of heavy monsoon rain in south-eastern Bangladesh have caused severe flooding in and around the Cox’s Bazar refugee camps, leaving thousands in urgent need of food, water and sanitation, Oxfam warned today. 

While the international community has stepped up to help those impacted by mega-emergencies, such as the earthquake in Haiti or the floods in Pakistan, unfortunately, “slow-onset” humanitarian crises, such as the worsening drought in the Horn in Africa, have not received the same attention.

International aid agency Oxfam today starts its initial assistance in two worst-affected districts in Ha Tinh province, central Vietnam where torrential rain has brought two consecutive severe floods to one of the poorest and most disaster-prone parts of the country.