Search results

The International Monetary Fund’s advice to countries promotes policies that fail to reduce inequality and may even increase it, according to Oxfam research. This advice clashes with what their own research shows countries should do to reduce inequality.

The G20 leading economies have sidelined development and food security at their summit in Los Cabos.

A global coalition of campaigners have called for an open process to elect the next Managing Director of the International Monetary Fund, and an end to the stranglehold that Europeans have had on the post since it was created.

84 percent of the International Monetary Fund’s (IMF) COVID-19 loans encourage, and in some cases require, poor countries hard hit by the economic fallout from the pandemic to adopt more tough austerity measures in the aftermath of the health crisis, warned Oxfam today.

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.

Today, the EU chose fuel over food in the provisional agreement reached on the Renewable Energy Directive (RED), the EU law that incentivises the burning of crops to fuel cars and trucks.

Oxfam is encouraged by World Bank President Dr. Jim Yong Kim’s rejection of trickle-down economics and his clear stance on the enormous challenge inequality poses across the world. 

The World Bank and IMF must step up their support for developing countries who are struggling with spiking food prices along with the fallout from Europe’s fiscal crisis, Oxfam said ahead of the annual meeting of the institutions in Tokyo this week.

The $8.42 trillion promised by rich country governments to bailout banks would be enough to end global extreme poverty for 50 years and a massive step towards ending it forever.

The Horn, East and Central Africa are facing a profoundly alarming hunger crisis. More than 66 million people are in need of humanitarian aid as climate extremes have caused widespread food and water shortages. Oxfam is on the ground responding but we urgently need your help to save more lives.