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Challenge to World Bank and IMF to get serious about extreme inequality
Global wealth inequality threatens economic and social viability Following Oxfam’s January report revealing that just 85 people owned the same wealth as the bottom half of the world’s population, Forbes has updated its “billionaires’ list”, showing that extreme inequality has worsened – just 67 people at the top now own half the wealth. Ray Offenheiser,…
Record global aid spending not reflected in Canada’s contribution or in assistance for Africa
Oxfam today celebrated news that donors had increased their development aid spending to $134.8 billion in 2013, which the OECD says stands at the highest-ever recorded level. However aid levels to Africa dropped by 5.6% to just $28.9 billion – back to the levels they were 10 years ago. “On the face of it, the…
Emissions must be cut if we are to tackle hunger
The Intergovernmental Panel on Climate Change (IPCC) today opens its meeting in Berlin to finalize its landmark report on cutting global emissions. This comes just a week after it met in Japan, where governments acknowledged that climate change will have a bigger affect on food production than stated in the IPCC’s previous report seven years ago.…
“Model hospital” for privatized African health care threatens to swamp country’s budget
A new privately-run hospital supported by the World Bank’s private sector arm, the IFC, is threatening to bankrupt the health budget of one of the poorest and least-healthy countries in the world. The Queen Mamohato Memorial Hospital in Lesotho is the first of its kind in any low-income country in the world – built, financed…