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    Common Dreams. To inform. To inspire. To ignite change for the common good.
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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    development aid

    Protesters hold placards calling for higher taxes on the rich and an end to austerity

    Wealth of Global 1% Has Skyrocketed by Over $33 Trillion Since 2015: Report

    "Governments should heed widespread demands to tax the rich—and match it with a vision to build public goods from healthcare to energy," said the executive director of Oxfam International.

    Jake Johnson
    Jun 26, 2025

    An Oxfam report published Wednesday estimates that the richest 1% globally have seen their wealth surge by more than $33.9 trillion over the past decade, with just 3,000 billionaires accounting for $6.5 trillion of that increase.

    The report, released ahead of June 30 development financing talks in Seville, Spain, argues that the international community's plan to achieve the Sustainable Development Goals agreed upon in 2015 has failed utterly as global inequality has continued to expand, efforts to end poverty have stagnated, and the climate crisis has spiraled further out of control.

    Keep ReadingShow Less
    News
    wealth inequality
    Josep Borrell

    European Commission to Review But Not Suspend Development Aid for Palestine

    "The suspension of the payments—punishing all the Palestinian people—would have damaged the E.U. interests in the region and would have only further emboldened terrorists," said the bloc's foreign policy chief.

    Jessica Corbett
    Oct 09, 2023

    Following Hamas' deadly weekend attack on Israel, which responded with an assault of the occupied Gaza Strip, the European Commission explained in a statement Monday that it is "launching an urgent review" of development assistance for Palestine but "as there were no payments foreseen, there will be no suspension of payments."

    Some journalists and observers described the move as a "U-turn" or "backtrack" given comments earlier Monday by European Commissioner for Neighborhood and Enlargement Olivér Várhelyi—who, as Reuters noted, "was nominated for his post by Hungarian Prime Minister Viktor Orbán, a staunch ally of Israeli Prime Minister Benjamin Netanyahu."

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    european union
    THERE IS NO PLANET B

    Life and Death on the Line as Rich Nations Evade Climate Obligations

    Bloc of developing countries says wealthy UN member states are trying to shift financial obligations onto World Bank, IMF

    Nadia Prupis
    Oct 22, 2015

    A bloc of developing nations said Thursday that rich nations are blocking efforts to reach a consensus on financial climate pledges in Bonn, Germany, this week as the upcoming United Nations climate talks approach. This move could derail the entire process.

    The Group of 77 (G77) and China, a coalition of nations and alliances that represent more than 80 percent of the world's population, said wealthy UN member states were shirking their financial responsibilities to help developing nations stave off the impacts of climate change and attempting to shift those obligations onto institutions like the World Bank and International Monetary Fund (IMF).

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    News
    climate justice

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