this post was submitted on 27 Jun 2025
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worldnews

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  • Oxfam condemns "private finance takeover" of development efforts, as over 3.7 billion people remain in poverty ten years after the Sustainable Development Goals were agreed.
  • New Oxfam analysis unveils “astronomical rise in private wealth”. Between 1995 and 2023, global private wealth grew by $342 trillion – 8 times more than public wealth.
  • Oxfam analysis also shows governments are making the largest cuts to life-saving aid since aid records began. Aid cuts could cause 2.9 million more children and adults to die by 2030, from HIV/AIDS causes alone.
  • Results of a new global survey show 9 out of 10 people support paying for public services and climate action through taxing the super-rich.
  • Oxfam urges new strategic alliances to address inequality; urgently revitalize aid and tax the super-rich; and assert new “public-first” approach over private finance.
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