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A European tax on financial transactions would be fair, practical and popular and could raise as much as €210 billion to tackle poverty and climate change, according to Oxfam's new report.

Oxfam has today warned that the $100billion a year pledged by rich nations to help fight climate change could fail the poorest people, if recent moves to deliver climate cash as loans continue.

In the early hours of 6 February 2023, a 7.8 magnitude earthquake hit Türkiye (Turkey) and Syria. This was followed by another earthquake soon afterwards and there have been over 200 aftershocks since. Thousands have died and the number keeps rising while others remain trapped under rubble.

Development finance institutions have not extended openness and transparency to high-risk projects financed through their financial intermediary clients. Oxfam has outlined a suggested framework, Open Books for High-Risk Financing, which proposes a set of principles to systematize and enhance disclosure in financial intermediary lending.

The sector must recognize coal is a dinosaur technology that needs to be pushed into extinction if we are to survive.

The United States Congress has failed to adopt funding measures for the International Monetary Fund (IMF), thwarting quota and governance reforms that were agreed by the majority of the Fund’s memb

Since the onset of the pandemic, large corporations have put profits before workers’ safety, pushed costs down the supply chain and used their political influence to shape policy responses. COVID-19 should be the catalyst for radically reining in corporate power, restructuring business models and creating an economy for all.

In 2009, an Oxfam report highlighted five main effects that Bolivia could expect as a result of climate change: less food security; less water availability; more frequent and larger-scale “natural” disasters; an increase in mosquito-borne diseases; and more forest fires. About 10 years later, a similar team of experts traveled to different regions of the country, to explore some aspects that could not be covered in the previous visit and to observe the changes.

The coronavirus pandemic saw people in Europe band together, regardless of where they were born, to pull through this difficult time. From the healthcare professionals saving lives in hospitals, to agricultural workers putting food on our tables, and researchers finding a vaccine so we can go back to our normal lives.   

Inequality, already extreme before COVID-19, has reached new levels. There is an urgent need for governments to implement highly progressive taxation measures that in turn must be used to invest in powerful and proven measures to reduce inequalities.