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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.

Bridging the gap between faith and investments with cooperation between different groups was the focus of recent a two-day conference in Geneva. It was a rare meeting of the likes of asset managers and clergy, and the solution at the heart of success was how to collaborate for success based on Christian principles.

Rev. Malcolm Damon, ecumenical champion of justice for the economy and the Earth, and a son of South Africa, passed away on 8 September.

Damon was a founding member of the Economic Justice Network formed in 1997 to serve the Fellowship of Christian Councils in Southern Africa, consisting of 12 national Christian councils in southern African nations. In 2001, he joined Economic Justice Network as its executive director. Under his leadership, the network became a leading advocate in the southern African region for a fairer global trading system, tax reform and climate justice.

Fires in the Amazon region must be addressed as a national and international crisis, states general secretary of the World Council of Churches Rev. Dr Olav Fykse Tveit.

Bishop Ingeborg Midttømme, from the Church of Norway, serves at the diocese of Møre, in the northwestern part of the Scandinavian country. She is also a board member of Norwegian Church Aid. Over the past years, she has been an active participant in international events that focus on the global agenda on sustainable development, such as the United Nations annual climate conferences.

“Inequality hurts us all and goes against God’s vision of life in abundance for every human being”, said Athena Peralta, World Council of Churches (WCC) programme executive for economic and ecological justice, at a prayer service on the occasion of the Week of Action to Fight Inequality, held at the Ecumenical Centre in Geneva, on 21 January.

Dr. Agnes Abuom, moderator of the WCC Central Committee, offered a speech entitled “A Clarion Christian Call to Justice and Peace: Ending Global Inequality and Climate injustice” at the Justice Conference in Oslo, Norway on 9 November.

Ten years after the near-collapse of the world’s economy, what has changed? Not much, says the WCC, and certainly not enough.

Three weeks have now passed since this year’s edition of the World Water Week in Stockholm, Sweden was wrapped up and delegates from all over the world headed home, inspired to “float” the issues, as the WCC Ecumenical Water Network chairperson, Bishop Arnold Temple from Sierra Leone, put it.

The World Council of Churches (WCC) participated in the United Nations Conference on Trade and Development Civil Society (UNCTAD) Forum held at the Palais de Nations in Geneva on 24 May ahead of the UNCTAD board meeting on 4-12 June.

The third meeting of the Ecumenical Panel on a New International Financial and Economic Architecture (NIFEA) is underway in New York City from 21-23 April.

Leaders from more than 20 international and national associations of Christian entrepreneurs from 60 countries and diverse Christian traditions gathered at the Ecumenical Centre in Geneva from 22-23 January for a conference titled, “Faith-based Entrepreneurs: Stronger Together.”

A conference organized by the World Council of Churches (WCC) and hosted by the Evangelical Lutheran Church of Iceland under the theme “Just Peace with Earth” was offered in conjunction with the Arctic Assembly, the largest annual international gathering focused on the future of the Arctic held Oct. 13-15.

“This is the time to step forward and act as trustees to Mother Earth. Together, by supporting each other’s progress we can go further and faster”, reads the “COP22 Interfaith Statement”, a document prepared by faith communities involved in advocacy work on climate change at the 22nd Conference of Parties (COP) of the United Nations Framework Convention on Climate Change (UNFCC).

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.

Land rights, equity in development resource flows and life-enhancing epistemologies were among the themes emphasized by faith-based organizations at the World Social Forum in Montreal, Canada on 9-14 August.

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?

The possibility of a new economic framework is the chief focus of the newly published issue of The Ecumenical Review. Informed by years of ecumenical work on the relationship of poverty, wealth and ecology (including the proposal for a “greed line”), the 14 contributors offer an array of insights from specific contexts and religious standpoints – Dalits, South Africans, Latin Americans, Indigenous spirituality, feminist theology and non-Christian religions – into the values and structures that can create an “economy of life” for all.