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In response to the World Bank Group today issuing a statement announcing the discontinuation of its Doing Business report, Nadia Daar, Head of Oxfam International’s Washington DC Office, said: “It's a welcome move and about time the World Bank scrapped its Doing Business report, a global competitiveness index that encouraged governments to adopt destructive policies that worsen inequality, like slashing labor regulations and corporate taxes."

In response to the completion of the 2021 Comprehensive Surveillance Review today by the Executive Board of the International Monetary Fund, Nabil Abdo, Oxfam’s Senior Policy Advisor on International Financial Institutions, said: “This Review misses a crucial opportunity to require staff to advise countries on policies to tackle inequality or systematically assess the impacts on inequality of its own recommendations."

Contrary to the positive picture painted by the International Monetary Fund in its 2010 World Economic Outlook, poor countries are being forced to cut back on their economic crisis-response spending too soon.

The 21 billionaires in the Middle East and North Africa (MENA), all of them men, saw their wealth increase by nearly $10 billion since the start of the COVID-19 crisis, almost double the estimated amount required to rebuild Lebanon's shattered capital, while 45 million more people in the region could be pushed to poverty as a result of the pandemic, a new Oxfam report revealed today.

European states insisting on emerging countries providing their ‘fair share’ while continuously failing to reach their own aid targets is a backward step. 

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The G7 have made a stuttering start on climate but have largely neglected the plight of people living in poverty, said Oxfam at the close of the annual leaders’ summit in Germany today.

In a briefing note on mining agreements between AREVA and Niger, Oxfam and ROTAB, both members of the "Publish What You Pay" coalition, denounced the secrecy and pressure surrounding the negotiations.

The crises the Sahel faces, whether they be of a humanitarian, environmental, or security nature, are all rooted in the inequality and profound sense of injustice that permeate Sahelian societies.

84 percent of the International Monetary Fund’s (IMF) COVID-19 loans encourage, and in some cases require, poor countries hard hit by the economic fallout from the pandemic to adopt more tough austerity measures in the aftermath of the health crisis, warned Oxfam today.