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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).

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."

Only 28 percent of the world’s most influential food and agriculture corporations report they are reducing their water withdrawals and just 23 percent say they are taking action to reduce water pollution. Oxfam’s new analysis of 350 corporations using World Benchmarking Alliance data comes ahead of World Water Day (March 22). 

More than a million women and girls in Burkina Faso are facing increased sexual violence, hunger and water shortage as a result of the coronavirus pandemic on top of the existing conflict, said Oxfam today.

One person is likely to die of hunger every 36 seconds between now and the end of the year in drought-stricken East Africa as the worst hit areas hurtle towards famine, Oxfam warned today.

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. 

In 1984, a famine claimed the lives of one million Ethiopians.

Six months after a historic five-season drought, massive floods have inundated vast swaths of farmland across Kenya, Ethiopia and Somalia, right in the middle of the harvest season. Over four million impacted people in dire need of humanitarian assistance, warned Oxfam today. 

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.

Preparations for disaster and a quick initial response by local government officials and non-governmental organizations saved many lives after Cyclone Sidr struck the southern coastal areas of Ban