1. IMF and World Bank Reforms

2. Oxfam Mission We work with poor peopleWe work with poor people We influence powerful peopleWe influence powerful people We join hands with all peopleWe join hands with all people

3. Eliminate Economic Conditionalities Economic conditionalities place unnecessary burdens on developing countriesEconomic conditionalities place unnecessary burdens on developing countries European countries demand an open market to send aid while maintaining their own protectionist policiesEuropean countries demand an open market to send aid while maintaining their own protectionist policies

4. Fair Representation EU member states are overrepresented in both the World Bank and IMF and are able to support trade conditionalities.EU member states are overrepresented in both the World Bank and IMF and are able to support trade conditionalities. Reducing European influence on IMF and World Bank will increase voice of marginalized countriesReducing European influence on IMF and World Bank will increase voice of marginalized countries

5. Grants Instead of Loans Heavily Indebted Poor Countries do not have sustainable debt loadsHeavily Indebted Poor Countries do not have sustainable debt loads Many loans turn into de facto grants due to inflation and bailout programsMany loans turn into de facto grants due to inflation and bailout programs To reduce the debt load 50% of IDA funding should be grants rather than loansTo reduce the debt load 50% of IDA funding should be grants rather than loans Donor countries should increase IDA contributions by 1.5%Donor countries should increase IDA contributions by 1.5%

6. World Bank Recommendations Remove economic conditionalities from aidRemove economic conditionalities from aid Replace with outcome-based conditionalities by linking aid with achieving Millennium Development GoalsReplace with outcome-based conditionalities by linking aid with achieving Millennium Development Goals All country analytical work should be driven by country, public, include range of options and poverty impactAll country analytical work should be driven by country, public, include range of options and poverty impact

7. IMF Recommendations Limit quantitative targets in countries with macroeconomic instabilityLimit quantitative targets in countries with macroeconomic instability Select targets through independent analysis and ability to reduce poverty reductionSelect targets through independent analysis and ability to reduce poverty reduction Base analysis on actual economic scenarioBase analysis on actual economic scenario Incorporate need for increased aid volume in analysisIncorporate need for increased aid volume in analysis

8. Donor and Recipient Countries DONOR COUNTRIES Increase their contributions by 1.5 percent so that at least 50 percent of IDA funding can come in the form of grantsIncrease their contributions by 1.5 percent so that at least 50 percent of IDA funding can come in the form of grants Ensure that aid and debt cancellation are formally unlinked from IMF and World Bank conditionalitiesEnsure that aid and debt cancellation are formally unlinked from IMF and World Bank conditionalities Assist governments from the Global South develop their own capacity to analyze policy-reform optionsAssist governments from the Global South develop their own capacity to analyze policy-reform options RECIPIENT COUNTRIES Ensure transparent and accountable budget and expenditure processes Involve parliaments and civil society in national decision- making and setting poverty reduction goals Increase capacity to collect poverty data and analyze the impact of different policy options on poor people