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Without urgent action to relieve developing countries of all their external debt payments this year, and ensure they don't accrue into the future, the coronavirus could lead to millions of deaths and force half a billion more people around the world into poverty, said Oxfam today in response to the G7's joint statement on debt moratorium for poor countries.

Suspending debt owed to rich countries is only one piece of the puzzle. Rich private banks and investors should be pushed to cancel debts by enforcement and not left to voluntary action, said Oxfam today in response to the announcement that the G20 has agreed to suspend debt repayment of the poorest countries.

New Oxfam estimates show that 263 million more people could be pushed into extreme poverty in 2022, due to the combined impact of COVID-19, inequality and food and energy price inflation – accelerated by the war in Ukraine. Without urgent and bold national and international action, inequality and poverty will deepen, with poorer countries – many of which face looming debt crises – pushed deeper into poverty.

How prevailing economic policy choices are a form of gender-based violence

A global coalition of campaigners have called for an open process to elect the next Managing Director of the International Monetary Fund, and an end to the stranglehold that Europeans have had on the post since it was created.

Thirty years on from the commitments enshrined in the Beijing Declaration and Platform for Action, this briefing reveals a picture of broken promises and unfulfilled ambition by States.

Feminists want system change! What do we want? One of our mottos is the demand for system change…

Countries can start tackling inequality today by triggering an “economic stimulus” directly into the pockets of those who need it most – by investing more in public services like health and education.

Oxfam, in partnership with the Latin American Council of Social Sciences (CLACSO for its Spanish acronym), published today a report of 13 cases demonstrating how political and economic elites manipulate government decision-making processes to advance their fiscal privileges over the rights and benefits of the majority in Latin America, the most unequal region in the world.

In reaction to the publicaiton today of the FAO’s “State of Food Insecurity and Nutrition in the World 2023” report, stating that up to 783 million people faced hunger in 2022, and that 600 million persons will be chronically undernourished in 2030, Hanna Saarinen, Oxfam International Food Policy Lead said:  “It is unforgivable for governments to watch millions of people going hungry in a world of plenty, as they put the interests of mega-rich agribusinesses and energy companies before those of the most vulnerable people and widen the inequality gap.