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The globalization of the world economy has not been an even process, and in many ways governance for the protection of capital has overtaken governance for the protection of human well-being. A recent Ecumenical School on Governance, Economics and Management for an Economy of Life addressed this very asymmetry.

An economic system based on over-consumption and greed has become firmly rooted in today’s world and it is high time to change this paradigm by working for a new financial and economic architecture. The WCC together with the WCRC now convenes a first ever Ecumenical School on Governance, Economics and Management for an Economy of Life, in Hong Kong SAR.

How and in which ways are money and finance shaping the world economy and society? What ought to be the roles of money and finance and what can we do together as faith communities to make the prevailing international financial architecture more just and compassionate?

“Prolonged droughts coupled with sudden floods are the face of climate change in Ethiopia,” said Endeshaw Kassa of the Ethiopian Evangelical Church Mekane Yesus. Kassa was speaking at a side event at the 3rd United Nations Financing for Development Conference in Addis Ababa, Ethiopia.

A report from the WCC calls for an effective response in meeting the needs of communities faced with unprecedented financial and economic crises, the threat of climate change and widespread ecological devastation.

National elections, gender-based violence, environmental issues and human rights in the Democratic Republic in Congo (DRC) were in focus during a two-day forum organized by the member churches of the WCC in the DRC.

Dr Erlinda N. Senturias, a physician, educator, ecumenical activist and former WCC staff member from the Philippines, has been named by President Benigno Aquino III to the nation’s new Human Rights Victims’ Claims Board.

The Ecumenical Panel on a New International Financial and Economic Architecture has concluded its second meeting in Switzerland, developing advocacy strategies for churches to ensure economic justice and the ecological wellbeing of the communities they serve.

At the WCC 10th Assembly, the Asia region shared current realities through churches’ voices, cultural symbols and artistic performances. A continent of diversity and religious plurality, Asia is filled with contradictions of wealth and poverty, and a strong resilience. As its churches seek paths toward “justice and peace” in their societies, Asia offers an impressive range of experience.

At the recent World Social Forum, ecumenical voices warned about the grave consequences of extraction of natural resources and mining, which they say generate a tremendous amount of social and ecological debt.

Church representatives at a recent Oikotree Global Forum in Johannesburg, South Africa stressed the need to support peoples'€™ movements promoting justice in the economy and ecology, a concern, they say, that lies at the heart of the faith.

In Africa, trade, aid and investments from the European Union (EU), United States (US) and China have not fully addressed the roots of poverty, inequality and ecological degradation. Churches, therefore, need to engage in a “development dialogue” to support alternative economic agendas, which can help eradicate poverty, while safeguarding Africa’s natural riches.