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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.

Oxfam spokesperson Caroline Pearce said: On economic growth:

The World Bank and International Monetary Fund need to ditch the ‘trickle down’ economics of the past and lead the fight against inequality if they are serious about the new target to end extreme poverty by 2030.

Robert Zoellick / the food crisis: Oxfam spokesperson Luc Lamprière said: 

In 2005 the International Monetary Fund (IMF) introduced the Policy Support Instrument (PSI).

Oxfam spokesperson Elizabeth Stuart said:

Thirty-two months remain to the deadline for reaching the Millennium Development Goals. This report is the first ever to track what developing countries are spending on the MDGs.

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.

Responding to a press release issued by the G20 Presidency today signalling support for a new allocation of Special Drawing Rights (SDRs), Nadia Daar, Head of Oxfam International's Washington DC office, said: “After nearly a year of deadlock and pandemic, Oxfam is encouraged that the G20 is paving the path toward an issuance of International Monetary Fund (IMF) SDRs to boost global liquidity".  

The IMF has released a discussion note, authorized for distribution by chief economist Olivier Blanchard, on the damaging effect of income inequality on economic growth and supporting redistributiv