The World Bank is forecasting that, for the first time ever, the number of people living in extreme poverty will fall under 10% of the world's population, to around 702 million people.
Oxfam is encouraged by World Bank President Dr. Jim Yong Kim’s rejection of trickle-down economics and his clear stance on the enormous challenge inequality poses across the world.
Developed as an input to the consultation being held by the World Bank on the concept note for its new Gender Strategy 2016 - 2021, this document details Oxfam's priorities for the World Bank's gender work going forward, and its responses to the specific consultation questions.
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.