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Given the tremendous financing needs, Oxfam supports a strong IDA20 replenishment. We are calling for a robust policy package that is appropriately ambitious for the next three years, aimed at propelling IDA countries forward towards a just economy after COVID-19 that is more equal and inclusive.

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.

The Food and Agricultural Organisation's Food Price Index has today revealed that global food prices have remained at peak levels.

Oxfam spokesperson Caroline Peace said: World Development Report: “Women do most of the world’s work but have a minority of the world’s jobs.

Oxfam spokesperson Caroline Pearce said: On economic growth:

The World Bank has released new draft safeguard policies that will vastly weaken protections for affected communities and the environment at the same time as the bank intends to finance more high-risk projects, say 19 organizations. 

"Women and girls are today bravely taking a stand and Oxfam stands with them in solidarity," said Winnie Byanyima, Oxfam International Executive Director and women’s rights leader, this International Women’s Day.

722 of the world’s biggest corporations together raked in over $1 trillion in windfall profits each year for the past two years amid soaring prices and interest rates, while billions of people are having to cut back or go hungry. 

Christine Lagarde, the International Monetary Fund’s managing director, and Jim Yong Kim, president of the World Bank, spoke Tuesday about their institutions’ priorities ahead of next week’s spring meetings in Washington. 

Countries from both the rich and the developing worlds must stop their recriminations and scepticism from derailing vital UN talks, beginning today, to find ways of helping feed the world's 925 million hungry people.