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The World Bank and International Monetary Fund need to ditch the ‘trickle down’ economics of the past and lead the fight against inequality if they are serious about the new target to end extreme poverty by 2030.

Investors are targeting the world’s weakest-governed countries to buy land, according to new analysis published by Oxfam to mark today’s international day of action on land grabs.

The leadership of a handful of countries is masking the failure of the majority to deliver on their overseas aid promises, said Oxfam today in response to the publication of new figures for overseas aid spending by the Organisation for Economic Co-operation and Development (OECD).  “While total cash flows have plateaued, overseas aid has, yet again, fallen in real terms over the last year and less of this money is finding its way to the poorest and most vulnerable…

Robert Zoellick / the food crisis: Oxfam spokesperson Luc Lamprière said: 

In 2005 the International Monetary Fund (IMF) introduced the Policy Support Instrument (PSI).

In reaction to remarks today by new World Bank President Jim Yong Kim at the International AIDS Conference in Washington, DC, Oxfam spokesper

The global repercussions of the Ukraine crisis ―already being felt in fast-rising food, commodity and energy prices― could undermine official aid efforts to help people in other humanitarian hot-spots. 

Oxfam spokesperson Elizabeth Stuart said:

Oxfam is calling on the World Bank Group to put safeguards in place to ensure that its clients can prove they are paying their fair share of tax.

Over 150,000 people from around the world have joined 35 organizations in calling for world leaders to press the Israeli government to lift the blockade on Gaza as its reconstruction could take 17 years with just 5% of building materials allowed in one year on since the end of the last conflict.