This year’s G20 Summit will raise the stakes for the group to prove itself against growing doubts about its effectiveness – not least for people living in poverty, says Oxfam.
Oxfam is calling on the World Bank Group to put safeguards in place to ensure that its clients can prove they are paying their fair share of tax.
Oxfam applauds today’s report by the International Monetary Fund, which argues that tackling gender inequality is not only an objective in itself, it's a key part of reducing the huge wealth gap between the rich and the poor.
At the Annual Meetings of the World Bank and the IMF in Peru this week, moves to help combat inequality and climate change were announced, but G20 finance ministers failed to adequately address the skewed international tax system, said Oxfam today.
In a puzzling move, inequality was not on the agenda at the International Monetary Fund’s Press Briefing in the Peruvian capital today, while World Bank President Jim Kim said TPP could boost growth.
Ministers must deliver on their climate finance promises and support a second wave of attack on corporate tax cheats if their Lima meeting is to succeed, said Oxfam today.
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.
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.