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"The selection of David Malpass as the US nominee for World Bank president is concerning. Mr. Malpass has yet to demonstrate his commitment and vision for addressing many of the great global challenges of our time," said Nadia Daar, Head of Oxfam International’s Washington Office, in reaction to President Trump’s reported selection of David Malpass as the US nominee for World Bank president.

Oxfam reacted to the World Bank's appointment of Philippe Le Houérou as CEO of their private sector arm, the International Finance Corporation.

Responding to a speech by the president of the World Bank, Oxfam's Nadia Daar said: "The Bank must guarantee that in any dealings with the private sector, reducing poverty, protecting the environment, and helping communities will take priority over financial gain. 

“We’re very pleased to see the World Bank focus its flagship report on inequality and underscore the threat that inequality poses to fighting poverty," said the head of Oxfam International’s Washington office, Nadia Daar. 

The International Monetary Fund’s (IMF) gold holdings have increased in value by $19.3 billion since the start of the global coronavirus pandemic, said Oxfam today. 

Developed as an input to the consultation being held by the World Bank on the concept note for its new Gender Strategy 2016 - 2021, this document details Oxfam's priorities for the World Bank's gender work going forward, and its responses to the specific consultation questions.

Oxfam's response to today’s announcement that Christine Lagarde is stepping down as Managing Director (MD) of the International Monetary Fund (IMF), effective on September 12, 2019.

Oxfam’s Nicolas Mombrial said:

Income inequality is high or increasing in 60 percent (64 out of 106) of low- and middle-income countries receiving grants or loans from the International Monetary Fund (IMF) and World Bank, reveals new Oxfam analysis ahead of the 2024 Spring Meetings in Washington D.C. Countries with high levels of income inequality have Gini coefficients above 0.4, the warning level set by the United Nations.

“People have become complacent about COVID-19. Our global (health) funds are fast running out of money. Vaccine inequity is getting worse,” said former UK prime minister Gordon Brown today.