Poor countries are cutting back investment in farming, health service and services to help women because of fears about rising debts and the impact of the economic crisis, according to a new database launched today.
Africa’s remarkable growth, driven in large part by a minerals and energy boom, is threatened by illicit capital outflows and widening income gaps.
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.
Extreme inequality is not inevitable, and there are practical ways to close the gap.
Millions of poor people will go without life-saving food and medicines as donor aid pledges to poor countries are breached.
Acting head of Oxfam’s Washington office Didier Jacobs said:
Oxfam believes that reducing inequality is fundamental to fair and sustainable development.
A draft document entitled “A Common Vision for the World Bank Group”, which will be discussed
An explosion in extreme wealth and income is exacerbating inequality and hindering the world’s ability to tackle poverty, Oxfam warned today in a briefing published ahead of the World Economic Forum in Davos next week.
Who's putting pressure on the planet? This video reveals the extreme inequalities of resource use - within and between countries - underlying the pressure on four 'planetary boundaries'.