Rethinking Bretton Woods | Thu, Mar 20, 2014
Center of Concern co-authors a paper titled “Financing for Sustainable Development: Are we up to the challenge?”
2015 is a moment of reckoning and looking ahead. 15 years after the Millennium Declaration and reaching the deadline of the Millennium Development Goals (MDGs), the international community needs to forge a new framework to finance sustainable development. Reflecting conversations with our partners and their experience and ours working with people living in poverty worldwide, CIDSE is convinced of the need to rethink the logic of the current financial framework to replace it with one that upholds and safeguards the common good and is planetary in scope. This requires an economy that is organized to uphold the principles of subsidiarity and the fundamental dignity of all human beings, and pays specific attention to people living on the margins of society, particularly individuals and communities living in poverty.
Is the international community up to this immense challenge?
In a new paper “Financing Sustainable Development: Are we up to the challenge?” CIDSE, the international alliance of Catholic agencies of which the Center of Concern is a member, addresses this question through reviewing the issues and providing recommendations on domestic and international sources of finance, the role of the private sector in financing development, sovereign debt and financial regulation.