After half a century of misguided policies, here’s how the World Bank and IMF can work for the poor…

Anthony Kamande Debt, Economics, Events

It’s time both the World Bank and IMF abandoned the short-term fixes and austerity that have repeatedly failed people in developing countries, says Anthony Kamande. With their joint annual meetings back on African soil for the first time in five decades, he sets out six ways both institutions can make real and lasting change: from debt restructuring to encouraging social spending and taxes on the wealthiest.

Austerity is not the answer to Africa’s colliding crises: it’s time to invest massively in public services and decent jobs

Anthony Kamande Debt, Inequality, Research

Our continent faces droughts and spiking prices that are pushing millions into hunger and poverty, a debt crisis and the ongoing pandemic. So why are countries cutting billions in spending? Anthony Kamande introduces a new Oxfam Pan Africa briefing based on our index that scores governments on how committed they are to cutting inequality

Debt: a noose around Somalia’s future

Dustin Barter Aid, Conflict, Debt, Food security, In the news, Livelihoods

Full debt cancellation is the only way forward for Somalia, write Dustin Barter, Oxfam’s Senior Campaigns and Policy Manager in Somalia, and Mohamed A. Ahmed, Independent Debt Specialist. As the African Union Summit kicks off in Addis Adaba this week, Somalia remains swamped in debt, struggling to kick-start a more positive trajectory. Debt relief, a once hot topic (thanks Bono!), …