World Council of Churches

A worldwide fellowship of churches seeking unity, a common witness and Christian service

Finance, speculation, debt

Background paper on a New International Financial Architecture
FINANCIAL SERVICES, ECONOMIC NEEDS AND GLOBAL FINANCIAL ARCHITECTURE A background paper by Barry Herman
For a new economic and social model
Illegitimate debt
Lusaka declaration
Proposals for Roundtables on Coherence
Proposals for Roundtables on Partnerships
R. Mshana on current financial system
São Paulo Statement: International Financial Transformation for the Economy of Life
The WCC, WCRC and Council for World Mission (CWM) convened the Global Ecumenical Conference on a New Financial and Economic Architecture to engage diverse proponents, set criteria and framework and develop a plan of action and milestones towards constructing just, caring and sustainable global financial and economic structures.
South-south summit declaration
Southern African Jubilee Debt Summit Gauteng Declaration
This declaration was issued by delegates to the Southern African Debt Summit in Johannesburg, 21 March 1999: Jubilee 2000 Southern African Coalitions. Affirmed by delegates from: Angola, Lesotho, Malawi, Mozambique, South Africa, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe, Jubilee 2000 Afrika and Jubilee 2000 Coalitions from Latin America and Philippines.
Statement on debt crisis
Statement on the Doha Outcome Document
Radical changes and tangible commitments from world leaders are needed if an equitable and sustainable global economic system is to be built, says an ecumenical delegation attending a UN conference on financing for development 29 November-02 December 2008.
Tegucigalpa declaration
Declaration from a meeting with Latin American and Caribbean Jubilee 2000 coalitions (Honduras, January 1999).
The Current Economic Crisis, its causes, its impact and possible alternatives
A lecture in honour of the late Rev. Joseph Wing given during the 33rd Assembly of The United Congregational Church of Southern Africa - UCCSA-24th August,2009, Molepolole, Botswana
WCC dossier on globalization and debt
Yaoundé declaration
A sub-regional seminar on "Debt in Central Africa" was held in Yaoundé, Cameroon, from 10 to 12 January 2000. The seminar falls within the framework of the Accra, Lomé, Johannesburg and Lusaka meetings. It was jointly organised by the World Council of Churches (WCC), the All Africa Conference of Churches (AACC), the Federation of Protestant Churches and Missions of Cameroon (FEMEC) and the Ecumenical Service for Peace (SeP), Cameroon. Apart from nationals of Central African countries and Mauritius, the seminar equally saw the participation of resource persons from various organisations of the North and the South that advocate debt cancellation (Eurodad, Uganda Debt Network, Jubilee 2000 South Africa, Jubilee 2000 London Africa Initiative). There was a consensus on the following leading ideas: 1. The debt of poor countries should be completely cancelled! This is a main prerequisite for poverty and misery alleviation and for regaining their dignity; 2. The struggle for debt cancellation is a struggle for social justice. It aims to free the human person from the yoke of everlasting economic domination and slavery. The fight concerns all of us. All the components of civil society, without exclusion, should contribute to the fight; 3. Debt is not only an economic problem. It is a fundamentally moral and ethical problem which requires various solutions -political, legal and social.