London, (EFE) .- The rich richness of the world in the world has increased since 2015 by 33.9 billion dollars, enough to end poverty in the globe 22 times, International Oxfam warned, which assured that world development is “abysmally diverted.”
A new analysis, prior to the Financing Summit for the development of the UN that opens on June 30 in Seville, revealed an “astronomical increase” of private wealth between 1995 and 2023, with a growth of 342 BDD that was eight times greater than that of public wealth.
In the document, called ‘private benefit to public power: finance development, not the oligarchy’, it is denounced that rich governments are making the greatest cuts to development aid, “something essential for survival”, since the aid records began in 1960.
“The richness of only 3,000 billionaires has increased by 6.5 BDD in real terms since 2015, and now represents the equivalent of 14.6% of world GDP,” said the NGO.
Lee: World wealth grew 4.6% in 2024, led by Switzerland and EU
Help cuts
The analysis also maintains that only G7 countries, which represent about three quarters of all official aid, are cutting it by 28% by 2026 compared to 2024, at the same time as the debt crisis “is taking bankruptcy to poor countries, which pay much more to their rich creditors of what they can spend in classrooms or hospitals.”
It also examines the role of private creditors, who now quintupled bilateral donors and “represent more than half of the debt of low and medium income countries, in the exacerbation of the debt crisis with their refusal to negotiate and their punitive conditions.”
“The rich countries have put Wall Street in command of global development. It is a global control of private finance that has overcome empirical basis to combat poverty through public investment and fair taxation,” said Amitabh Behar, general director of Oxfam.
Oxfam urged governments to join political proposals “to propose a change of course by addressing extreme inequality and transforming the development financing system.”
Taxes on ultra -ups, among the proposals
Among these proposals are the elaboration of new strategic alliances against inequality, reject private financing such as “miraculous solution” for development, tax the ultra -ups and reform debt architecture, and revitalize help.
“It is time for us to reject the consensus of Wall Street and, instead, we give the citizenship control. Governments should meet the generalized demands of taxing the rich and accompanying them with a vision to build public goods, from health to energy,” Behar added.
The research was carried out by the Dynata market research company between May and June 2025 in Brazil, Canada, France, Germany, Kenya, Italy, India, Mexico, Philippines, South Africa, Spain, the United Kingdom and the United States. Together, these countries represent about half of the world population, according to Oxfam.
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