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Responding to the publication of the Fiscal Monitor by the International Monetary Fund today, Susana Ruiz, Oxfam International's Tax Policy Lead, said: “Oxfam strongly welcomes the IMF’s call for progressive and emergency taxes to fund the recovery from the COVID-19 crisis, including taxing excess corporate profits and top income levels.

In response to the selection today of Ajay Banga as President of the World Bank for a five-year term beginning 2 June, Katie Malouf-Bous, interim Head of Oxfam International’s Washington DC Office, said: "The true test of Ajay Banga starts now: to reorient the World Bank to tackle the extreme inequality that robs billions of people of economic security and dignity. We need huge new investments in development but we need them to be publicly-led and purposed to lift people out of poverty —and we need guardrails around private finance that has run riot for too long."

As the newly elected European Parliament holds its inaugural plenary session in July and a new College of Commissioners takes office before the end of the year, there is a pivotal opportunity to shape an EU that prioritizes the well-being of future generations and the planet. Oxfam recommends focusing on three key priority areas in the new mandate: • Championing a strong and coherent international development agenda • Promoting international (humanitarian) law, humanitarian action and civic space • Leading the charge against the climate crisis, hunger and inequalities

The Covid-19 pandemic will not be defeated unless it’s defeated in all countries. In developing countries, where public health spending is often severely constrained, significant debt cancellation will be necessary to deal with the double whammy of health and economic crises.

There is a real risk that the OECD’s proposal on the application of a new minimum corporate tax rate will only benefit a handful of mainly rich countries where multinational companies are headquartered. Countless other rich and poor countries where these corporations do business will not be able to recover lost taxes.

In response to this week’s UN General Assembly Resolution that automatically mandates the UN General Assembly to meet within 10 days in the wake of any UN Security Council veto, Oxfam’s Head of the UN New York Office, Brenda Mofya said,

As hopes for a legally binding deal faded in the last negotiating hours of the climate summit, Robert Bailey, Senior spokesperson for Oxfam International said: “It is shameful that after two years of blood, sweat and tears, we didn’t finish the marathon on time.

We need to transform our economies to deliver universal health, education and other public services. To make this possible, the richest people and corporations should pay their fair share of tax. This will drive a dramatic reduction in the gap between rich and poor and between women and men.

After more than 65,000 people took action to urge chocolate companies to do the right thing for women cocoa farmers, Mars and Nestle have made commitments to begin to tackle the inequality faced by women in their cocoa supply chains.

Campaigners today say radical changes must be made to the latest draft of the Arms Trade Treaty by the Presidency of the Conference, if the treaty is to save lives.