The European Union, which holds eight seats out of twenty four on the International Monetary Fund (IMF) board, has made an offer to rotate some of their IMF board seats with middle-income countries
Donor government negotiators are considering scrapping the global aid monitoring system that keeps donors honest and improves the quality of their foreign assistance, Oxfam warns.
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In a new report, 'Learning the Lessons', international agency Oxfam says that the aid community needs to fundamentally change the way it deals with food crises in the region and help communities to better prepare for recurring emergencies.
Ending extreme inequality to end poverty has no lack of policy options: from corporate tax reform to investment in health and education, and from raising the minimum wage to ending gender discrimination. This discussion paper aims to put one of these solutions on the agenda: the billionaire tax.
http://www.imf.org/external/pubs/ft/survey/so/2014/POL031314A.htm
Oxfam spokesperson Nicolas Mombrial said:
"This is the final judgment on inequality being bad for growth."
Responding to President Trump’s speech at the World Economic Forum in Davos today, Amitabh Behar, Oxfam's representative at the World Economic Forum Annual Meeting in Davos, said: “Don't be fooled by President Trump's glowing self-review. This was a speech for the billionaires that the President's agenda has propped up at the expense of millions of ordinary Americans."
The European Union is set to review its entire framework for development cooperation. This position paper sets out Oxfam's vision on the red lines that an improved policy should uphold.
Oxfam, Save the Children and Care are calling on donors to meet or exceed the proposed $5 million target to fund programmes that support vulnerable women and girls ahead of a donor conference in Beira, Mozambique on Friday 31 May.