As world financial leaders convened this week in Washington, D.C., African Bishops Call World Leaders For Economic Help. They are demanding a “practical” plan to get the continent out of the current economic and health crisis “with resilience,”. As well as decisions that promote a just society.
“As we work for sustainability, we are not doing so to return to an unequal and unstable economy. Where the minority of the world holds part of its wealth as millions live below the poverty line,” from the Commission for Justice, Peace and Development Symposium of Episcopal Conferences of Africa and Madagascar (SECAM).
African bishops have called on world financial institutions to meet in Washington. In order to “help shape an economy that better protects the dignity and fundamental rights of our brothers and sisters worldwide.”
All About The Discussion
The April 20 meeting of finance ministers from rich and developing countries. And the spring meetings of the International Monetary Fund and the second most important financial institution, the World Bank,. On April 22-23 provides an opportunity for financial leaders to take action to end the segregation of the poor and vulnerable, said Archbishop Sithembele. Sipuka from Umtata, South Africa, is the first vice president of the Symposium of Episcopal Conferences of Africa and Madagascar.
“We hope that delegates at meetings will come together to discuss the global economy in terms of what it produces and how it affects and improves health, protects human dignity, and protects the integrity of the environment. “Archbishop Sipuka, the chairperson of the Commission on Justice, Peace, and Development (SECAM), said on April 20.
Wealthy countries should direct their extra emergency money to help African countries deal with the growing global economic instability.
In a statement entitled “Funding for the Restoration of Hope for Africa’s Most Vulnerable Disaster,” the African Catholic Bishops’ Conference said the continent was facing a crisis of hunger and debt that needed urgent attention.
The Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) addressed international financial leaders attending the Spring Bank and IMF Summit in Washington DC.
World Leaders On The Matter :
“We need to develop social and economic systems that support the distribution of wealth. And direct people to unite all people and end economic inequality in society. “The statement was addressed at the 2022 Spring Meetings of the World Bank Group and the International Monetary Fund.
Additionally Global financial leaders meet this week to discuss solutions to global economic and health problems. This has been exacerbated by the outbreak of COVID-19 for the past two years and beyond, now the Ukrainian war.
The Group spring meetings Finance Ministers, the IMF, and the World Bank come as the world continues to recover from the global epidemic. Altogether with facing inflation and responding to the Ukrainian war that has created a global response through broad economic sanctions. Russian.
The bishops’ statement expressed concern that although the epidemic has affected the world, it has shown that “our world is divided and unequal,” because aid is still distributed unequally. African Bishops showed concern for common people around globe in Call World Leaders For Economic Help.
“We are concerned that our region remains relatively uninfected in the world, exposing our people to new coronavirus attacks and economic disruption and exacerbating the problem,” he said.
“We call on the G20 Finance Minister and other world leaders to make effective plans to get Africa out of the Covid-19 crisis. And to disrupt global service delivery,” said SECAM chairman Sithembele Siphuka.
Conditions and Needs :
On African Bishops Call World Leaders For Economic Help, They said Africa was home to two-thirds of the world’s poorest people. The epidemic forced 40 million Africans to live in extreme poverty. This deprived them of Vital commodities and services, including health, education, food, and water.
“The Ukrainian war contributes to the cost of food and energy and will add to their burden,” reads the statement.
They called for a change in the financial system to benefit the most vulnerable. Although the IMF had created $ 650 billion in SDRs last year. So this was to support the recovery of the global epidemic, little had come to the continent.
“We welcome these fast-moving, unconditional services and add little or no debt, but we are concerned that of this amount, only $ 33 billion goes to African countries,” the bishops said.
LeCompte notes that food prices are already very high, countries are losing revenue. Developing countries are still suffering from the health and economic problems of the epidemic. And now, with the Ukrainian war, food, fuel and fertilizer “for many. countries are still inaccessible.”
Crises Discussed In The Meeting
“We are, in fact, in the middle of a globalized global crisis, so the problems that occur in southern. And emerging economies will significantly impact the rich northern economies,” LeCompte said, noting, for example, that debt.
In addition, African Bishops call for world leaders For economic help in the crisis in developing countries. This was regarding contribution in higher inflation in developed countries. And failure to meet global vaccination standards will create further economic shocks that will affect rich countries.
The Jubilee USA Network is a coalition of religious, development, advocacy groups focusing on goals to help eradicate global poverty. So It regularly works with the Vatican and the U.S. Bishops’ Conference.
“African countries did not have the means to put in place enough resources to deal with the epidemic. And they had to make impossible decisions between saving lives and jobs, or paying creditors,” the preachers said.
Thus they have called on world leaders to coordinate efforts to unite public and private debtors. So to create ways to reduce the unbearable debt that many countries in the region continue to face. Read Here Latest News.
Sukhpreet Kaur
