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In a key committee vote on the reform of the EU bioenergy policy, the European Parliament has improved the reform proposal, but Oxfam says it does not do enough to end the EU's bioenergy policy's destructive effects on the climate and on people worldwide.

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.

Oxfam has joined the new care initiative launched today by the governments of Brazil, Mexico, and Colombia and others, at the Fourth Financing for Development Conference in Seville. The coalition will push for increased investment in care, with the goal of reducing inequalities. Oxfam Mexico Executive Director Alexandra Haas said: 

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.