Tagged: debt

Press Release
The Gharab family  inside a one room house, Abreen. Photo: Simon Tarling/Oxfam

A new survey of more than 1500 people has given one of the clearest pictures yet of the harsh economic struggle facing refugees who have fled from Syria to Lebanon.

Press Release

The International Monetary Fund (IMF) board will meet this week [6 April] to discuss how to use the extra $2.8 billion windfall it made from selling 403.3 tons of gold late last year. The windfall profits should be used to cancel the debts of poor countries facing crises outside their control.

Press Release

The IMF will issue a $450 million loan to Pakistan which risks plunging Pakistan into debt that it can ill-afford. Oxfam is calling for the cancellation of all multilateral and bilateral loans to Pakistan, and for debt relief to be given on emergency assistance from the IMF.

Press Release

Contrary to the positive picture painted by the International Monetary Fund in its 2010 World Economic Outlook, poor countries are being forced to cut back on their economic crisis-response spending too soon.

Press Release
Children studying in a full classroom at Montes Namuli Primary School,Zambézia province, Mozambique on 14 April 2010. It is not unusual to have 100 children in a class, with no toilets or running water. Credit: Neo Ntsoma/Oxfam.

Poor countries are being forced to cut back on their economic crisis-response spending too soon. Education and social protection budgets are particularly badly affected. Oxfam is calling on the IMF to take steps to reverse this trend.

Campaign article
Brenda Mwila (left) is the only nurse at the rural clinic, Lusaka. Credit: Oxfam

Two big issues seriously affect poor countries’ chances of beating poverty. One is the amount of aid they get. The other is the amount of debt they repay.

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