2 October 2016
Oxfam praises World Bank report on inequality, but says it must go further to challenge the status quo
In response to the release of the World Bank’s 2016 Poverty and Shared Prosperity
report, “Taking on Inequality," ahead of their Annual Meetings, the head of Oxfam International’s Washington office, Nadia Daar, said:
“We’re very pleased to see the World Bank focus its flagship report on inequality and underscore the threat that inequality poses to fighting poverty.
“We want to see the Bank put more resources into gathering data to develop a report like this every year, though it has to devote much more attention to comparing the poorest to the richest to present a more complete picture of inequality and what governments and institutions need to do to address it.
“Unfortunately, the report falls short of proposing how to change the status quo and truly combat inequality. While much of what the Bank is doing helps reduce inequality, it continues to support policies and programs that achieve the opposite. For example, Oxfam has called on the Bank to stop supporting schools
that charge fees and limit access to poor children, and rein in investments in companies
using tax havens.”
Notes to editors:
Oxfam is calling for an end to the era of tax havens which has seen the increasing use of offshore centers by rich individuals and companies to avoid paying their fair share to society. This has denied governments valuable resources needed to tackle poverty and inequality.
Oxfam International Executive Director Winnie Byanyima will be in Washington during the week of the World Bank and International Monetary Fund Annual Meetings and will available for interviews on a variety of issues..