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Global Partnership meeting in Mexico on future of development: What will its legacy be?
As development leaders from around the world gather in Mexico City to participate in the first High Level Meeting of the Global Partnership for Effective Development Cooperation this week, Oxfam is asking a crucial question: What will be Mexico’s legacy? “The legacy of Busan was to bring us all together. But the billions of children,…
Oxfam stands by Lesotho hospital figures
The World Bank’s private sector arm, the IFC, today challenged Oxfam’s figures that the new private hospital complex it supported in Lesotho had cost the country $67 million to run in 2013/14, or 51% of its $133 million health budget. Oxfam stands by the figures. They were provided by Lesotho’s Ministry of Health among others.…
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…