"The failure to cancel debt payments will only delay the tsunami of debt that will engulf many of the world’s poorest countries, leaving them unable to afford the investment in healthcare and social safety nets so desperately needed", said Jaime Atienza, Oxfam International's Debt Policy Lead, in reaction to the G20 Finance Ministers and Central Bank Governors Meeting.

The coronavirus pandemic is fast pushing developing countries toward a debt crisis that would be catastrophic for their fight against poverty, with the likelihood of multi-billion-dollar defaults that will hurt the entire global economy, warned Oxfam ahead of the G20 Finance Ministers’ meeting this weekend (July 18-19).

40 million people in Southern Africa are at risk of increased hunger and poverty due to the double threat of the coronavirus and consecutive climatic shocks, warned Oxfam today. 

More than 52 million people in 18 countries across southern, eastern and central Africa are facing up to crisis levels of hunger as a result of weather extremes, compounded by poverty and conflict.

Gender inequality is both the cause and the consequence of violence against women and girls, said Oxfam today, as the agency launches a new global campaign called “Enough: Together We Can End Violence Against Women and Girls” to stop one of the most prolific human rights violations.

A new era of high and volatile food prices is causing life-changing shifts in society, according to Oxfam and the Institute of Development Studies (IDS) in a joint report published today.