G7

Responding to the announcement that the G7 finance ministers will back a new allocation of Special Drawing Rights (SDRs) by the International Monetary Fund (IMF), Nadia Daar, Head of Oxfam International’s Washington DC Office, said: "This explicit agreement from the G7 finance ministers to support a new significant injection of funds to countries in need around the world is extremely welcome news. 

 

Max Lawson, Oxfam Head of Inequality Policy, responds to the G7’s limited progress on ensuring poor countries have access to COVID-19 vaccines, Max Lawson, Oxfam Head of Inequality Policy.

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.

In this briefing, Oxfam sets out the seven key issues the G7 must act on if the Biarritz Summit is to deliver more than just warm words on fighting inequality.

The G7 should not allow the US to block more ambitious climate action, said Oxfam today, ahead of a meeting of G7 Environment Ministers in Metz, France on 5th and 6th May. 

“The growing split among G7 leaders is bad news for millions of women and men around the world struggling for a better life," said Oxfam International executive director, Winnie Byanyima.

The Group of Seven leaders must agree on concrete steps to combat women’s economic inequality and make the economy work for women, said Oxfam on the eve of the summit in Quebec, Canada.

According to data from the UN’s Financial Tracking System (the only official system for tracking donor funding) and information Oxfam received from G7 members: no G7 country has provided their fair share of funding for all four nations facing famine.