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Following Oxfam’s January report revealing that just 85 people owned the same wealth as the bottom half the world’s population, Forbes has updated its “billionaires' list”, showing that extreme inequality has worsened– just 67 people at the top now own half the wealth.
The IMF has released a discussion note, authorized for distribution by chief economist Olivier Blanchard, on the damaging effect of income inequality on economic growth and supporting redistributiv
Oxfam applauds the World Bank's new strategy to halve extreme poverty by 2020 and end it by 2030, but swift action is now needed to bring the strategy to life.
In reaction to the plenary remarks delivered by World Bank President Jim Kim, Oxfam’s head of Washington office, Nicolas Mombrial, said:
The strategy to end extreme poverty and support inclusive growth is an important milestone for the World Bank and Oxfam welcomes Jim Kim’s vision and commitment.
Incoming World Bank president Jim Yong Kim must step up efforts to assist developing countries threatened by the euro zone crisis fallout, international agency Oxfam said ahead of his first day on the job.
Oxfam spokesperson Elizabeth Stuart said:
The past ten years have seen a surge in a new type of development lending, in which development finance institutions (DFIs) provide funding through financial intermediaries (FIs) rather tha
International agency Oxfam welcomed the selection of Jim Yong Kim as World Bank president, but said the sham appointment process had damaged the institution.
With interviews to select a new president of the World Bank starting soon [April 9-11], a global coalition of campaigners have called on the World Bank's executive directors to ensure that
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