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Ahead of the Annual Meetings, international agency Oxfam urged the World Bank to sharpen and swiftly move forward on the new strategy to end poverty by 2030 and boost shared prosperity.

Donors have replenished the World Bank’s fund for the world’s poorest countries, the International Development Association, to the tune of

“This is great and sorely needed news at a time when the world faces a sobering set of challenges," said Nick Galasso, interim head of Oxfam International's Washington office.

The World Development Report 2010 addresses how the global response to climate change can strengthen, rather than undermine, development in the world's poorest countries.

At least $18.5 trillion is hidden by wealthy individuals in tax havens worldwide, representing a loss of more than $156 billion in tax revenue, according to new figures published today by international agency Oxfam.

European leaders meeting today to discuss ways of boosting economic growth should press ahead with plans for a financial transaction tax (FTT), Oxfam said.

After months of deadlock, EU countries reached an agreement on a low-rate minimum tax for multinational profits at the EU level. This follows a deal struck at the international level to implement a global minimum tax.  

One year on from the declaration of the COVID-19 pandemic, the People’s Vaccine Alliance is warning that developing countries are facing critical shortages of oxygen and medical supplies to cope with COVID-19 cases yet the majority have been unable to administer a single dose of a COVID-19 vaccine. In contrast rich nations have vaccinated their citizens at a rate of one person per second over the last month.

The UN could drastically reduce the 24,000 deaths occurring daily around the world from hunger-related causes, provided countries agree that it coordinates all the different initiatives to fight hunger.

With interviews to select a new president of the World Bank starting soon [April 9-11], a global coalition of campaigners have called on the World Bank's executive directors to ensure that