As of now, the total unvaccinated population in the world numbers 6.8 billion. The one billion doses promised by the G-7 countries can meet the needs of only 7.4% of this number
While supporting fiscal stimulus by rich nations, the International Monetary Fund’s imposition of fiscal austerity on Third World may aggravate economic crisis and hit the poor most
Oxfam’s latest report says it took just nine months for the top 1,000 billionaires’ fortunes to return to their prepandemic highs, but for the world’s poorest people recovery could take 14 times longer
The groups warn that the decision could have serious negative consequences, such as affecting the import and supply of humanitarian goods, medicines, fuel, and other essential items to Houthi-controlled areas in Yemen
Many countries who have seen their economies hit hard by the COVID-19 pandemic are considering levying a tax on large fortunes to help their struggling economies
According to the report published by international NGO, Oxfam, global military expenditure in 2019 stood at USD 1.9 trillion – an amount several times over what is required to pay for the UN-led efforts to fight the COVID-19 crisis in developing countries
In the absence of strong support measures by governments across the world, the estimated loss of mostly informal jobs would result in rising poverty, starvation and inequality, an ILO report says
Diplomatic stalemate in the EU makes it difficult for rescuers to save the migrants stranded in the Mediterranean Sea. Meanwhile, a recent report by Oxfam reveals that the living conditions in transit camps on the Greek islands are getting miserable.