Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 126

Financing for development meeting in Addis Ababa crucial for future

Posted by fidest press agency su domenica, 12 luglio 2015

caritasCaritas Internationalis says world leaders must show the ambition needed to lift millions of people out of poverty at a key aid summit.The Financing for Development Conference begins 13 July in Addis Ababa. It will determine the level of financial commitment to combat poverty and inequality over the next 15 years.It’s the first of three important meetings in 2015. It will be followed by the adoption of the Post–2015 Development Agenda (SDGs) in New York in September and a UN climate change meeting in Paris in December.Caritas Internationalis President Cardinal Luis Antonio Tagle said, “Governments must commit to financing the development of poor countries. Fair and inclusive international rules are needed that enable equitable allocation of resources and prevent the harmful activities of the private sector.“Failure in Addis Ababa risks harming the international community’s political will ahead of the other key deadlines in 2015. Governments must go beyond national selfishness and short-term interests. We need an agreement respecting the dignity and participation of all that does not endanger the discussions on sustainable development and climate change.”In the preparatory documents for the Addis meeting, the gap is currently huge between the objectives aimed at (a transformative agenda, a changed economic and social model) and the solutions proposed (increased room for large companies, international rules defined by the most powerful countries).On the one hand, the rich countries want to appeal to the private sector on a massive scale to finance this agenda via incentives. Bowing to the private sector however risks creating an economy dominated by finance with appalling consequences for countries where banking regulations are still fragile.But they also want to restrict decision-making to spaces they themselves control rather than more inclusive spaces like the UN. The push to merge the financing for development with the wider Post-2015 Development Agenda means it will gradually disappear to the benefit of not very inclusive G20, the OECD and the IMF and the World Bank.Caritas Internationalis will be present in Addis Ababa through Graham Gordon of CAFOD (Caritas England and Wales), Grégoire Niaudet of Secours Catholique (Caritas France), and Zan Akologo Caritas Ghana.


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