Latin America

Patients living in poverty in the Global South are being bankrupted by private healthcare corporations backed by multi-million-dollar investments from development finance institutions (DFIs) run by the UK, French, German and other rich country governments. DFIs like the World Bank’s International Finance Corporation (IFC) and the European Investment Bank (EIB) invest public funds via the private sector to help foster economic development in the Global South and tackle poverty. However, Oxfam published two investigations on DFI funding into private hospital chains and other for-profit healthcare corporations operating in low- and middle-income countries and found cases of them.   

The fortunes of Latin America’s 73 billionaires surged by $48.2 billion since the beginning of the pandemic even as the region buckles as one of the worst-hit regions in the world, said Oxfam today. 

Oxfam condemns the Nicaraguan National Assembly’s decision yesterday to cancel the legal registration of the Nicaraguan Center for Human Rights (CENIDH), the country’s most prominent human rights organization.

Silvia Mancilla, Spokesperson of Oxfam Mexico said:

More than 2,000 Latin American indigenous people will meet to discuss and debate their proposals to defend their right to land on May 27-31 in Puno, Peru for a series of three summits.