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The World Bank and the IMF must seize their early chance in what could be a watershed year to end extreme global poverty by putting the battle against inequality, climate change and tax dodging at the very top of its Spring Meetings’ agenda this week. 

Public aid money should not be used to fund corporate-backed private school chains that fuel inequality. Other donor agencies and governments now need to follow suit, said Oxfam today in response to the US House Financial Services Committee’s (HFSC) announcement that the World Bank and its private sector arm have approved a package of reforms.

In reaction to the plenary remarks delivered by World Bank President Jim Kim, Oxfam’s head of Washington office, Nicolas Mombrial, said:

European Commission President José Manuel Barroso gave a speech at the UN Climate Summit today, claiming the EU is setting a good example in reducing greenhouse gas emissions. 

Today the European Commission published a Communication setting out its position towards international climate change negotiations aimed at reaching an agreement by December in Paris.

The Business and Climate Summit was an opportunity for companies to lead by example, and though several did show willing, it was not nearly enough to champion the urgent action needed to help combat climate change.

Oxfam congratulates António Guterres on his appointment to what is arguably one of most challenging jobs on the planet. Mr. Guterres brings a wealth of experience and leadership to the role to guide the UN in the years to come.  

The new Asian Infrastructure Investment Bank (AIIB) will be a major new funder of infrastructure in developing Asia. This report sets out a vision for an AIIB partnership with the region’s most climate-vulnerable countries that could forge a new path of economic development.

Oxfam's response to today’s announcement that Christine Lagarde is stepping down as Managing Director (MD) of the International Monetary Fund (IMF), effective on September 12, 2019.

An internal investigation has revealed that the World Bank has invested in a palm oil and food company implicated in serious rights abuses in Honduras.