Pope Francis and leaders from the Global South call for a new international financial architecture that breaks the cycle forcing many countries to spend more on debt repayments and interest than on caring for people and the planet. The following article was published in the November-December 2024 issue of NewsNotes. A quarter of a century…
Maryknoll Office for Global Concerns joined a letter with over fifty other organizations calling on President Biden and Treasury Secretary Yellen to support a new allocation of Special Drawing Rights (SDR) to counteract clear recessionary pressures in the global economy.
The World Bank approved a new policy framework in August that is void of language that would require the Bank to respect human rights throughout its operations and weakens core environmental and social protections for affected communities and the environment.
Chloe Schwabe, Faith-Economy-Ecology project coordinator, reports from the 2015 Annual Meetings of the World Bank Group and the IMF in Peru.
