“The global economic system is broken,” says Christian Aid



Members of a women’s group in Ethiopia, where Christian Aid runs a program called “Breaking the Barriers”, to promote female entrepreneurship in sustainable energy value chains.Christian Aid / Matt Gonzalez-Noda

Christian Aid chief Amanda Khozi Mukwashi is in Washington DC and New York this week to urge global financial leaders to make the global economic system fairer for all.

Amanda Khozi Mukwashi said that “the global economic system is shattered” as she prepares to attend high-level meetings of the World Bank and the Finance for Development conference.

She had to warn leaders that “unstable” growth was pushing the Earth beyond its ecological limits, while promises to support the poor were broken as financial gain continued to come before people.

Leaders will learn that the current system “devalues” billions of people living in the Global South and that “the oppression of marginalized people runs deep into the functioning of the global economic system.”

While there are signs of “real progress” in achieving the UN Sustainable Development Goals (SDGs), she says that an “urgent rebalancing” of the global financial system is needed to ensure that people living in developing countries are not “left behind”.

The International Monetary Fund (IMF) has been the subject of particular criticism as it said it had “done little work” to address structural problems perpetuating gender inequalities like unpaid care work and lack of care. public services that would allow women to work.

She will also advocate for a cleaner global economy that is no longer fueled by fossil fuels, arguing that continued use of fossil fuels is unsustainable and puts “existential pressure” on people and the planet. .

Speaking ahead of the meetings, she warned of the development risk posed by climate change. She said she was struck by the plight of a woman she met in Ethiopia who was struggling with poor harvests and the deaths of livestock due to rising temperatures.

“This woman had never been in a classroom or read a book. And yet she described the tragedy of climate change and sustainability in one sentence and, far too unusual, in universal language,” a- she declared.

“Because climate change should not be a problem that is only understood by experts. Rather, it is about poverty and social justice and affects the poorest in the world the most: survive, but thrive. After all, we cannot truly prosper if our neighbors are suffering and in danger.

“Climate change is a greater threat than any human being, regardless of power or position. For my friend in Ethiopia and millions of others it is life or death . “



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