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World Bank President Jim Yong Kim has yet again failed to profile his commitment to tackling climate change and inequality as central to his aim in eradicating poverty by 2030.

Renewed demands by the G77 for a UN-led body to stamp out tax havens were lauded by Oxfam today.  G77 Ministers, who met on the side-lines of the UN General Assembly in New York, re-launched their proposal for a UN-led tax body, which was blocked at a UN meeting to discuss finance for development in Addis Ababa last year.

The Paris Agreement will officially go into effect thirty days from today, after 72 countries, representing 56.75% of global greenhouse gas emissions, ratified the deal.

Responding to the commitments made by the G20 today to combat the Coronavirus, Chema Vera, Oxfam International’s Interim Executive Director, said: “On the day that Imperial College London has warned that close to 40 million lives could be lost without urgent action, the world’s richest governments are still only warming up to the scale of the task.

"In lieu of global cooperation and solidarity, pharmaceutical companies are being empowered to act as kingmakers ―deciding who lives and who dies― and using this new-found power to extract subsidies and potentially high prices for new COVID-19 vaccines," said Oxfam today in response to reports that French pharmaceutical company, Sanofi, will prioritize the US for any new COVID-19 vaccine.

Given the tremendous financing needs, Oxfam supports a strong IDA20 replenishment. We are calling for a robust policy package that is appropriately ambitious for the next three years, aimed at propelling IDA countries forward towards a just economy after COVID-19 that is more equal and inclusive.

As the US, Ethiopia and European Union coalesce around a climate finance package of $100 billion, Oxfam is calling for rich countries to provide at least $200bn a year in new money to help poor countries adapt to a changing climate and reduce their emissions.

International agency Oxfam has welcomed the announcement by international drug purchasing agency UNITAID to create a patent pool for HIV drugs. Millions of poor people will now have access to cheaper, more appropriate medicines.

Members of the Disaster Emergencies Committee (DEC) are warning governments meeting at the UN climate talks in Warsaw that the devastating super typhoon that struck the Philippines is a glimpse of the future if urgent action is not taken.

Many countries in Asia, including Bangladesh, Viet Nam, Indonesia, Pakistan, and the Philippines, should invest more in their governments’ capacity to protect their citizens given the region's vulnerability to climate change.