Wealthy elites have co-opted political power to rig the rules of the economic game, undermining democracy and creating a world where the 85 richest people own the wealth of half of the world’s population, worldwide development organization Oxfam warns in a report published today.
Almost half of the world’s wealth is now owned by just one percent of the population, and seven out of ten people live in countries where economic inequality has increased in the last 30 years.
From the historic Arms Trade Treaty to convincing big companies to act to stop land grabs to responding to the devastating super typhoon Haiyan and the Syria humanitarian crisis, 2013 was not an ordinary year for Oxfam and our supporters.
From Bamako to Tacloban, find out what Oxfam did in 2013.
Oxfam applauds the World Bank’s continuing leadership on Universal Health Coverage and their ongoing collaboration with the World Health Organization, which increasingly highlights inequity as the crux of the problem. However, we caution against ongoing promotion of an ever-increasing role for for-profit companies in delivering health care in poor countries.
European aid to poor countries is stalling two years ahead of the UN Millennium Development Goals deadline, with aid cut or stagnant in 19 member states, reveals the new Concord AidWatch report.
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.
Washington, DC— In reaction to World Bank President Jim Kim's announcement of a new interim target of cutting global poverty to 9% by 2020, Oxfam spokesperson Raymond C.