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With funds equivalent to just 2.9 percent ($35.7 billion) of their combined annual military spending, Group of Seven (G7) countries could help end world hunger and solve the debt crisis in the Global South, reveals new Oxfam analysis ahead of the G7 Summit in Borgo Egnazia, Italy.

G20 countries spend far more subsidizing the coal and oil industry than developed countries provide in adaptation finance to poor and vulnerable countries.

87 percent of the International Monetary Fund’s (IMF) COVID-19 loans are requiring developing countries that have been denied equal access to vaccines and are facing some of the world’s worst humanitarian crises to adopt tough, new austerity measures that will further exacerbate poverty and inequality.

The coronavirus pandemic is a crisis for everyone. All around us people are affected — our loved ones, our neighbours, our colleagues, our communities. 

Oxfam’s new report, ‘The Inequality Virus’, reveals that the wealth of the ten richest men has increased by half a trillion dollars since the pandemic began - more than enough to pay for a vaccine for all and prevent anyone on Earth from falling into poverty because of the virus.  We have received lots of great questions about the report − here’s our answer to the 10 most frequently asked questions.

In most of sub-Saharan Africa, maize is a staple food crop. This paper explores some of the reasons why maize markets fail and argues that a major reason is because there is so little trust or cooperation between governments and private traders.

A world where more new billionaires have been created in a year than ever before shows signs of economic sickness rather than health.

The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. If current trends continue, the world will have its first trillionaire within a decade but poverty won’t be eradicated for another 229 years.

The fortunes of Latin America’s 73 billionaires surged by $48.2 billion since the beginning of the pandemic even as the region buckles as one of the worst-hit regions in the world, said Oxfam today. 

Oxfam is calling for the states attending the Geneva conference to collectively commit to offer a safe haven through resettlement or other forms of humanitarian admission to at least 10 percent of the refugee population – the equivalent of 481,220 people – by the end of 2016.