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.
Yesterday, 28 UN Special Rapporteurs, sent a letter to World Bank President Jim Kim on the first draft of the new social and environmental safeguards, raising their great concerns with the new draf
The World Bank’s 'Turn Down the Heat: Confronting the New Climate Normal' report delivers a troubling new assessment of the impact climate change is having on food security, water resources and ecosystems. It warns that without action heat waves and other weather extremes that occur once every hundred years, if ever, would become the new climate normal putting millions of people at risk.
'In terms of a plan to reduce extreme income inequality, we are left empty handed. There has been a lot of talk and a raw sketch of plan of action in the communique, but it’s just a drop in the bucket.”
Christine Lagarde gave the go ahead for 3 countries affected by Ebola to increase their fiscal deficit.
Nicolas Mombrial, head of Oxfam’s DC office said,
Oxfam welcomes today’s an
A billion-dollar flagship scheme to support private sector-led health care in Africa is bypassing poor people and concentrating instead on high-end urban hospitals catering mainly for the rich.
An internal investigation released last night finds that World Bank Group staff kept quiet about a plantation company’s role in a violent land conflict in Honduras, when proposing loans to one of Central America’s top ten banks which funded it.