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World leaders have an historic opportunity to reform the global economy to ensure that the one in six people who live in extreme poverty benefit from economic recovery, international agency Oxfam said today ahead of the G20 summit in Seoul.

Poor countries are being forced to cut back on their economic crisis-response spending too soon. Education and social protection budgets are particularly badly affected. Oxfam is calling on the IMF to take steps to reverse this trend.

Oxfam spokesperson Elizabeth Stuart said: IMF – Christine Lagarde

The European Commission today unveiled a new strategy on how Europe should protect its access to raw materials and the issue of regulation of commodity markets including farm goods.

Oxfam's response to today’s announcement that Christine Lagarde is stepping down as Managing Director (MD) of the International Monetary Fund (IMF), effective on September 12, 2019.

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

The political will that delivered the Millennium Development Goals is absent from today’s development debate, yet even bolder political leadership is needed if we are to achieve the new Sustainable Development Goals.

This joint agency paper presents research conducted among women and men small business owners in central and northern Jordan on the challenges they face. It aims to contribute to the economic self-reliance, resilience and stability of Syrian refugees and vulnerable host communities in Jordan.

The European Union, which holds eight seats out of twenty four on the International Monetary Fund (IMF) board, has made an offer to rotate some of their IMF board seats with middle-income countries

Zimbabwe has declared a 'state of disaster' regarding drought in the country that has been triggered by El Nino. With one in five Zimbabweans facing food struggles, Oxfam says this could shock the international community into action.