Tagged: IMF

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.

Press Release

The fact that the IMF is proposing that adaptation efforts are funded by grants rather than loans is positive. But this will only work if developed countries ensure the money is there to resource this vital assistance to vulnerable countries.

Press Release
The first of May traditionally sees workers march through the center of La Paz (Bolivia) and for the last few years has been a focus of all the social movements to voice their demands to the government. Credit: Renato Guimaraes/Oxfam

G20 finance ministers meeting in London this weekend should provide a $280 billion bailout for millions of poor people struggling to survive the economic crisis. We provide three easy ways the G20 could deliver this up.

Press Release
Adaha sits in her home and talks about the need for women and men to be able to have more equality in the village of Intedeyne, Mali. Credit: Ami Vitale/Oxfam

The $8.42 trillion promised by rich country governments to bailout banks would be enough to end global extreme poverty for 50 years and a massive step towards ending it forever.

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