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Annual meetings of the IMF and the World Bank: Oxfam denounces the rise of inequalities

15/04/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The NGO Oxfam said that 64 of the 106 countries currently supported by the International Monetary Fund and the World Bank have seen their inequalities increase significantly.

Oxfam released a report according to which income inequality has increased in more than 60% of countries currently under the International Monetary Fund (IMF) and World Bank (WB) aid sub-programs. According to the details of the statement, 64 of the 106 countries currently supported by these international financial institutions have seen their inequalities increase significantly. According to the NGO, they are even particularly high in about forty of them, including Ghana, Honduras or Mozambique.

The head of Oxfam in Washington, Kate Donald said that “the IMF and the World Bank present the fight against inequality as a priority but at the same time support policies that increase it. Ordinary people are suffering more and more as a result of budget cuts in health, education or transport. This high level of hypocrisy must stop

.”
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