Oxfam’s Nicolas Mombrial said:
Oxfam today celebrated news that donors had increased their development aid spending to $134.8 billion in 2013, which the OECD says stands at the highest-ever recorded level. However aid levels to Africa dropped by 5.6% to just $28.9 billion – back to the levels they were 10 years ago.
Countries can start tackling inequality today by triggering an “economic stimulus” directly into the pockets of those who need it most – by investing more in public services like health and education.
World Bank Group President Jim Yong Kim today announ
Climate change could put back the fight against hunger by decades but our global food system is woefully unprepared to cope with the challenge.
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
Today France and Germany’s leaders met in Paris to set out their
In 2011, following decades of isolation, Myanmar embarked on an unprecedented reform process, raising hopes for a new democracy.
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.