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“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.

“At the start of the week, we urged the Bank to show it’s serious about ‘“ending poverty and boosting shared prosperity”’ in discussions on additional funding. We’re pleased to see them recommit to this, but it’s now up to the Bank’s programming to put its money where its mouth is," said Nadia Daar, head of Oxfam International's Washington office. 

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.

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. 

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. 

As the Annual Meetings of the World Bank kick off in Washington this week, Oxfam welcomed the focus on inequality, but urges top officials at the institution to align their words with their actions if they are serious about combating inequality and poverty. 

Oxfam warned today that millions of people in East and Central Africa, already suffering due to flooding and the impact of coronavirus, are at risk of increased hunger and poverty as the region braces for the latest generation of locusts which are due to hatch in June ―just when crops are to be harvested.