economic inequality

The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion —at a rate of $15,000 per second or $1.3 billion a day— during the first two years of a pandemic that has seen the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty. 

In response to the UN recently launched Global Humanitarian Overview, estimating some 235 million people across the globe will be in need of life-saving support in 2021, Oxfam and 6 aid agencies said it is vital that they have unhindered access to those most in need and humanitarian appeals are fully funded. 

The richest one percent of the world’s population are responsible for more than twice as much carbon pollution as the 3.1 billion people who made up the poorest half of humanity during a critical 25-year period of unprecedented emissions growth.

Thirty-two of the world’s largest companies stand to see their profits jump by $109 billion more in 2020 as the Covid-19 pandemic lays bare an economic model that delivers profits for the wealthiest on the back of the poorest, according to a new Oxfam report today.

The coronavirus pandemic is a crisis for everyone. All around us people are affected — our loved ones, our neighbours, our colleagues, our communities. 

The economic fallout from the coronavirus pandemic could push half a billion more people into poverty unless urgent action is taken to bail out developing countries, said Oxfam today.

Did you know that since the start of the COVID-19 pandemic, billionaires have made unimaginable, record-breaking fortunes? Every year, the gap between rich and poor gets even wider – standing in the way of ending global poverty. It is time to bring an end to inequality and overcome poverty for good.

Mr. Malpass must push the World Bank to champion policies that tackle climate change, reduce inequalities and lead to investment in free public education and health.

Today, more than 8.1 million Nepalis live in poverty. To build a more equal country that leaves nobody behind, Nepal must act now to put the right policies in place, and enable citizens and social movements to advocate for progressive change and hold decision makers to account.