Is the IMF going socialist? Hardly, but on Monday Dominique Strauss-Kahn, its Managing Director, gave a pretty extraordinary (and welcome) speech, entitled “Human Development and Wealth Distribution”. Here are a few excerpts: “Adam Smith—one of the founders of modern economics—recognized clearly that a poor distribution of wealth could undermine the free market system, noting that: “The disposition to admire, and

Earlier this year, I posted a fair amount on the new Robin Hood Tax campaign for a financial transactions tax to fund aid and the fight against climate change (start here and follow the links). In a guest blog, Oxfam’s top RHT obsessive, Max Lawson, updates us on the subsequent behind-the-scenes progress “In today’s aid-speak, Robin Hood was a pretty

We’ve been churning out a bunch of materials on the global economic crisis summarizing our conclusions to date on its developmental impact (though who knows if this is the end, or just a pause, in the financial chaos). The Global Economic Crisis and Developing Countries brings together our findings from research in 12 countries involving some 2,500 people. It’s the final

I wrote this for the Guardian Comment is Free site (went up last Friday), summarizing the findings of a new Oxfam research paper. Take note, anyone involved in next months’ big UN MDG summit. “Sometimes the things we don’t know about what is happening in the world take your breath away. A global economic crisis strikes just a few years before

OK, this week’s posts have been fairly demanding, so let’s relax a bit. I’ve been getting a pile of links to excellent youtubes and the like. If you’re in an open plan office like me, sticking on the headphones and watching videos during office hours can be a bit awkward (‘it’s work related, honest’), so either brave the disapproval or book

I’m at a two day EU conference ‘Development in times of crisis and Achieving the MDGs’ (snappy eh?). It’s in Madrid, but you wouldn’t know it. We’re in an airless, windowless room in an aircraft hangar of a conference centre miles out from the city. I was on a panel on the impact of the crisis on how we think

OK, the blog’s been pretty heavy going of late, so here’s some light relief, c/o the IMF, who have just sent me multiple copies of this pic from a conference back in March on the impact of the global economic crisis in low income countries (see my previous post, or the IMF page on the event with presentations). This is

Yesterday, I discussed the IMF’s fascinating new proposals for two international taxes on the financial sector  – a ‘financial stability contribution’ (FSC) and a ‘financial activities tax’ (FAT). But the leaked interim report to the G20 also discussed the financial transactions tax (FTT), better known as the Robin Hood Tax. What did it say? First the good news: ‘The FTT

IMF suggests Global taxes on all banks History is made What have they put in the water supply at the IMF? First they see the light on capital controls, and now they’re putting out ground-breaking ideas on the international taxation of banks. I’ve been reading the supposedly confidential (but available on the BBC website – if you have problems with

World Bank President Robert Zoellick always gives a big set piece speech ahead of the IMF/World Bank spring meeting. Yesterday at the Woodrow Wilson Center he spoke on ‘the End of the Third World’. Highlights (and comments from me in brackets): ‘2009 saw the end of what was known as the “Third World”: We are now in a new, fast-evolving

A recent report by Oxfam’s UK Poverty Programme looks at the impact of the global economic crisis on Europe’s women. Based on research in ten EU member states, the report finds (among other things): ‘The impact of the recession is significant and damaging for both men and women living in poverty. This report tracks the impact for women as a

  From deep inside the boilerhouse of the Robin Hood Tax campaign, this helpful update comes from Max Lawson, Oxfam’s man in the green mask….. The weeks up to the G20 Finance Ministers meeting in Washington DC on 23 April (on the margins of the IMF and World Bank Spring Meetings) and the UK election (almost certainly on 6 May)