A desperate and largely unknown humanitarian crisis is deteriorating in the Lake Chad Basin region of West Africa, forcing millions of people to flee their homes and leaving millions more in need of humanitarian assistance. Oxfam is providing life-saving support but help is urgently needed to prevent the crisis turning into a catastrophe.
Correction: IMF quota share
Luxemburg has a larger calculated quota share than Argentina and South Africa at the IMF, not a larger voice, as we said in our statement of 21 April.
A member’s voting power at the IMF is largely, but not entirely, determined by their quota share. The corrected statement is:
Oxfam spokesperson Elizabeth Stuart said: “It’s outrageous that a country like Luxemburg has a greater quota share at the IMF than South Africa or Argentina.”
Caroline Hooper-Box +1 202 321 2967 firstname.lastname@example.org