The global pandemic has led to major structural increases in public expenditures to support health, incomes and employment. The question of who will ultimately foot the bill will need to be answered. A report launched on 15 June by the Independent Commission for the Reform of International Corporate Taxation alerts that the economic burden must not fall disproportionately on disadvantaged groups and countries.
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.
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.
