Banque Mondiale

The International Monetary Fund’s (IMF) gold holdings have increased in value by $19.3 billion since the start of the global coronavirus pandemic, said Oxfam today. 

The World Bank and international donors must find $1.7 billion to improve dangerously inadequate health systems in Ebola-affected countries said Oxfam.

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. 

The International Finance Corporation has little accountability for billions of dollars’ worth of investments into banks, hedge funds and other financial intermediaries, resulting in projects that are causing human rights abuses around the world.

Rising inequality could set the fight against poverty back by decades, Oxfam warned today as it published a new report showing that the number of billionaires worldwide has more than doubled since the financial crisis. 

This week marks one year in office for Jim Yong Kim as president of the World Bank.

Raymond Offenheiser, President of Oxfam America said:

Welcoming the publication of the World Bank report, Turn Down the Heat: Climate Extremes, Regional Impa

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.

110 global civil society organizations from 40 countries have signed a letter to World Bank president Jim Kim asking him assist all people, especially the poorest and most vulnerable, to access health services.