development

Oxfam congratulates António Guterres on his appointment to what is arguably one of most challenging jobs on the planet. Mr. Guterres brings a wealth of experience and leadership to the role to guide the UN in the years to come.  

Over the past six years, the International Finance Corporation has channelled over $50bn to the financial sector. However, the evidence continues to grow that this private sector arm of the World Bank Group has little control over how a great deal of this money is spent.

Increasing aid and making it more effective can help poor people become more politically active in decisions that affect them, while also supporting governments to become more accountable and plot their own path to achieving the Sustainable Development Goals.

Oxfam, together with a coalition of development NGOs, calls on European Commission president Jean-Claude Juncker to make Europe become a leader on the global agenda for development and the fight against poverty.

The Dutch Development Finance Company (FMO) and Finland’s Finnfund, two of the development banks backing the Agua Zarca hydroelectric project in Honduras, yesterday announced they would seek an exit to their involvement in the project. Today’s announcements are important in bringing us one step closer to finally shutting down the tainted Agua Zarca project.

The European Court of Auditors' long-overdue report finally evaluates an important financing mechanism for development, but takes a purely financial perspective instead of looking at results delivered for beneficiaries.

In response to the final draft outcome document for the UN Summit to Adopt the Post 2015 Development Agenda (September, 2015), Oxfam welcomes the improvements in the text, and offers recommendations on additional changes to make the agenda truly transformative so that it leaves no one behind.

How to ensure the trillions of dollars of incremental investment needed in the energy and climate-related sectors to promote low-carbon development is both socially responsible and addresses both mitigation of greenhouse gas emissions and resilience to climate change impacts?