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Oxfam reaction to opening statements at Spring Meetings, Washington

Posted by Jon Slater Head of News

18th Apr 2013

Responding to the opening statements of Christine Lagarde and Jim Kim at the Spring meetings, Emma Seery, Oxfam spokesperson, said:
 "We welcome the recognition by the IMF and World Bank that more needs to be done to help the poorest. It is no use low-income countries being on the economic fast track if the poorest don't get the benefits.
"The experience of emerging economies shows there is no guarantee that poor people will receive their fair share of growth without strong government action.
"If it is serious about ending extreme poverty, the Bank needs to put its own house in order. Currently there is insufficient evidence that large sections of its private sector investment provide real benefits - access to land, health and education - for the poorest.
"Kim's recognition that Bank's safeguards are a real asset needs to translate into strengthened standards to prevent the Bank's money funding projects that force poor people from their land."

For further information or to arrange an interview with an Oxfam spokesperson: Jon Slater +44 7876 476403

Blog post written by Jon Slater

Head of News

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