As development leaders from around the world gather in Mexico City to participate in the first High Level Meeting of the Global Partnership for Effective Development Cooperation this week, Oxfam is asking a crucial question: What will be Mexico’s legacy?
All countries will have to contribute their fair share in cutting global emissions, says Oxfam in reaction to the IPCC report on mitigation, which was launched today.
Oxfam today celebrated news that donors had increased their development aid spending to $134.8 billion in 2013, which the OECD says stands at the highest-ever recorded level. However aid levels to Africa dropped by 5.6% to just $28.9 billion – back to the levels they were 10 years ago.
A new privately-run hospital supported by the World Bank’s private sector arm, the IFC, is threatening to bankrupt the health budget of Lesotho, one of the poorest and least-healthy countries in the world.
Countries can start tackling inequality today by triggering an “economic stimulus” directly into the pockets of those who need it most – by investing more in public services like health and education.
Oxfam warns that in spite of the advances made in the last decade, Latin America and the Caribbean remains the region of highest wealth inequality in the world. Its elites continue to accumulate extreme wealth and excessive power.