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“People have become complacent about COVID-19. Our global (health) funds are fast running out of money. Vaccine inequity is getting worse,” said former UK prime minister Gordon Brown today. 

In response to the announcement today that World Bank President David Malpass will step down from his position by the end of June, Nadia Daar, Head of Oxfam International’s Washington DC Office, said: “If shareholders really want to ‘evolve’ the World Bank, then here is their golden opportunity. Malpass’ successor must be hired based on an open, merit-based and transparent selection process rather than the 80-year-old gentleman's agreement which sees the job automatically go to someone from the US. This is critical for the credibility and future strength of multilateralism."

The World Bank and the International Monetary Fund cannot allow political and economic shocks to hijack their ambitions to combat climate change and curb inequality, warned Oxfam.

A one-off 99 percent levy on billionaires’ wealth gains during the pandemic could pay for everyone on Earth to be vaccinated against COVID-19 and provide a $20,000 cash grant to all unemployed workers, according to new analysis released today by Oxfam, the Fight Inequality Alliance, the Institute for Policy Studies and the Patriotic Millionaires.

In 2011, following decades of isolation, Myanmar embarked on an unprecedented reform process, raising hopes for a new democracy.

Nadia Daar, Head of Oxfam International's Washington DC office, responds to the World Bank’s announcement today that it has appointed Mr. Makhtar Diop as the new CEO of its private sector arm, the International Finance Corporation (IFC).

In response to President Biden’s nomination of former MasterCard and Nestlé executive, Ajay Banga, to the position of World Bank president, Christian Donaldson, Oxfam International’s senior policy advisor on international financial institutions, made the following statement: “While Mr. Banga may have extensive experience on Wall Street, we had hoped that President Biden would use this opportunity to ditch the old gentlemen’s agreement of World Bank and IMF appointments in favor of a more transparent and merit-based global process."

'Financing the Sustainable Development Goals' is the second Government Spending Watch report, produced by Development Finance International for Oxfam.

This briefing explores some of the solutions for fighting corporate tax avoidance that the European Union should present in 2015, and explains why it is important to adopt them as soon as possible.

More money for Development is always welcome especially as there are strong needs for investment in infrastructure. The new Asian Infrastructure Investment Bank must put fighting poverty and inequality at the heart of its mission.