The world’s biggest corporations together raked in over $1 trillion in windfall profits each year for the past two years amid soaring prices and interest rates, while billions of people are having to cut back or go hungry.
"The most vulnerable people around the world are bearing the brunt of skyrocketing food, fuel, and fertilizer prices, with women and girls the hardest hit."
As poverty rises amid intertwining crises, Amnesty International have issued an urgent call for governments worldwide to implement universal social protections to ensure that basic necessities are available to all.
"For every $1 the IMF encouraged a set of poor countries to spend on public goods, it has told them to cut four times more through austerity measures," says Oxfam.
