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In response to President Biden’s nomination of former MasterCard and Nestlé executive, Ajay Banga, to the position of World Bank president, Christian Donaldson, Oxfam International’s senior policy advisor on international financial institutions, made the following statement: “While Mr. Banga may have extensive experience on Wall Street, we had hoped that President Biden would use this opportunity to ditch the old gentlemen’s agreement of World Bank and IMF appointments in favor of a more transparent and merit-based global process."

South Africa is facing its smallest maize harvest since 2007 this year as record-high temperatures and drought continue to hit its agricultural sector. According the government’s Crop Estimates Committee, only 7.44 million tons of maize is likely to be harvested in 2016 - that’s 25 percent less than the 9.94 million tons reaped.

We ranked the Summit against five key criteria and found that not one was fully achieved, as delegates left Rome without tackling many of the biggest challenges of food security and agriculture.

Nadia Daar, Head of Oxfam International's Washington DC office, responds to the World Bank’s announcement today that it has appointed Mr. Makhtar Diop as the new CEO of its private sector arm, the International Finance Corporation (IFC).

Responding to the World Bank's announcement at the UN MDG Summit in New York that it will increase its investment in basic education by an additional $750 million for countries off track on

In a puzzling move, inequality was not on the agenda at the International Monetary Fund’s Press Briefing in the Peruvian capital today, while World Bank President Jim Kim said TPP could boost growth.

40 million people in Southern Africa are at risk of increased hunger and poverty due to the double threat of the coronavirus and consecutive climatic shocks, warned Oxfam today. 

Oxfam responds to the announcement that Jim Kim is stepping down as President of the World Bank from 1st February 2019 before the expiry of his term in 2022.

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.