The World Bank has released new draft safeguard policies that will vastly weaken protections for affected communities and the environment at the same time as the bank intends to finance more high-risk projects, say 19 organizations.
At the close of the 2015 Spring meetings, Oxfam reacts to the summary of the event.
Oxfam welcomes the World Bank's announcement to provide money to support the long term recovery of the three Ebola-affected countries. It is crucial that the world does not turn away once the Ebola crisis is brought under control if we are going to prevent outbreaks from striking again.
World Bank President Jim Yong Kim has yet again failed to profile his commitment to tackling climate change and inequality as central to his aim in eradicating poverty by 2030.
The ICIJ’s exposure of immense human suffering around the world, linked to World Bank funding, should finally wake the Bank up to the reality of its failures.
The World Bank and international donors must find $1.7 billion to improve dangerously inadequate health systems in Ebola-affected countries said Oxfam.
The World Bank and the IMF must seize their early chance in what could be a watershed year to end extreme global poverty by putting the battle against inequality, climate change and tax dodging at the very top of its Spring Meetings’ agenda this week.
The International Finance Corporation has little accountability for billions of dollars’ worth of investments into banks, hedge funds and other financial intermediaries, resulting in projects that are causing human rights abuses around the world.
Increasingly, development money is being channelled through third parties such as banks or private equity funds. This report tells the human story behind the high finance and statistics.
Our Washington campaign and advocacy office focuses on the International Financial Institutions, primarily the World Bank Group and International Monetary Fund.