Oxfam finds Peru's richest captured 42% of new wealth
· Climate · Peru
An Oxfam analysis found that Peru's richest captured 42% of all new wealth, with only 1.4% of wealth created between 2019 and 2025 going to the poorest 50%. Separately, a pilot project giving £2 a day to Indigenous people in the Peruvian Amazon helped protect the rainforest, with researchers saying almost 90% of participants adopted environmentally beneficial practices. The findings highlight inequality and climate policy in Latin America.
Why it matters:Extreme wealth concentration and forest-protection experiments both shape Latin America's climate and social stability.
Key points
- Richest Peruvians captured 42% of new wealth
- Poorest 50% got only 1.4% of new wealth
- A basic-income pilot helped protect the rainforest
Sources (original reporting)
More stories from this day
- Singapore haze eases slightly but PSI stays unhealthy
- Musk says Tesla-SpaceX merger under consideration
- Zelensky hails resumed US intelligence as Trump presses Kyiv
- US reaffirms conditions-based OPCON transfer to South Korea
- Nigeria confirms first Ebola case as outbreak spreads in Africa
- NATO sends more patrol aircraft to Black Sea after shipping attacks