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This current draft of the 2019 World Development Report has interesting ideas, but also contains some dangerous proposals and assumptions which Oxfam believes might compromise the World Bank’s mission of eradicating poverty and achieving shared prosperity.
“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.
The World Bank shouldn’t forget its goals to “end poverty and boost shared prosperity” as it increasingly relies on the private sector to finance development, Oxfam warned at the start of the institution’s Spring Meetings.