World Bank

World Bank

A woman washes clothes at a drinking water source that is next to a toxic ash-pond from the Sasan project in Singrauli. Photo: Joe Athialy/Oxfam

Owning the outcomes

Over the past six years, the International Finance Corporation has channelled over $50bn to the financial sector. However, the evidence continues to grow that this private sector arm of the World Bank Group has little control over how a great deal of this money is spent.

Tough tax talk from Kim and Lagarde, but concrete proposals still missing

“It’s great to hear tough talk from both Jim Kim and Christine Lagarde on ending tax havens. We’ve seen this happen time and time again: when the richest fail to pay their fair share, the budgets for education, health, and other social services that the poorest depend on, are the first to get slashed," said Chris Stalker, acting head of Oxfam International's Washington office.

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