The director of Inequality Policies of the organization <a href="https://time.news/the-policies-of-the-imf-and-the-world-bank-are-inadequate-to-fight-against-inequalities-according-to-oxfam/" title="“The policies of the IMF and the World Bank are inadequate to fight against inequalities” according to Oxfam”>Oxfam International, Max Lawson, warned that eradicate poverty in the world could take more than 100 years.
This is what the director of the international organization sentenced when responding to the report about poverty, prosperity and the planet that spread the World Bank this same Tuesday, October 15.
Noting that fighting inequality must be a priority for the World Bank, Max Lawson of Oxfam stated that eliminate poverty in the world will take more than 100 years.
Poverty
(Special Photographer)
Oxfam warns that eliminating poverty in the world will take more than a century
Through a statement, the director of Inequality Policies of the organization Oxfam International, Max Lawson, responded to a report recent of World Bank.
In the statement, he stated that eliminate poverty in the world It is a task that could take longer. for more than a century due to current conditions of inequality.
This is because the Oxfam director highlighted that in these times, the wealth of the planet is concentrated in only 1 percent of the population total global.
Regarding this, he indicated that The “richest 1 percent capture more wealth than the 95 percent.””, so it is not surprising that the task can take more than 100 years.
He even asserted that the current It’s a lost decade for “ordinary people” that will mark an entire generation and in the opposite case, the rich managed to get richer.
Oxfam believes that poverty in the world will continue to deepen
After warning that eliminate poverty in the world it will take time more than 100 yearsthe director of Oxfam He pointed out that inequality indices point to a worse fate.
In this regard, Max Lawson stated in his statement that the data that was published by the World Bank on global poverty they would be late.
Regarding this point, he maintained that These are previous figures to different factors that have deepened the lag of the population at a global level, such as the following:
- Covid-19 pandemic
- Food crisis
- inflationary crisis
- Debt crisis
- War conflicts
In that sense, he pointed out that on October 21 a report will be published that shows that various countries have applied policies that will deepen poverty.
For this reason, in responding to the World Bank report, he called for said financial institution concentrate on deploying actions to combat inequality.
For the above, he suggested that the financial institution carry out, year after year, review not only income and wealth of the poorest, but also that accumulated by the richest.
Poverty in the world (Especial )