蜜桃交友

By Lisa Zengarini

Catholic Bishops at the head of Caritas organizations in Africa have urged the leaders of the G7, meeting in the Japanese city of Hiroshima for their annual summit, to take bold action to support African nations struggling with poverty, including the cancellation of 鈥渦npayable鈥� debt, increased aid, and fairer trade policies.

The three-day summit bringing together Heads of State and of Government of the world's most advanced democracies (United States, Canada, Japan, France, Germany, Italy, and the United Kingdom) kicked off on Friday, May 19, with an agenda focused on Russia's aggression against Ukraine, nuclear disarmament and non-proliferation, climate change, development, food security and global health in the wake of the COVID-19 pandemic.

Growing food insecurity in Africa

Ahead of the meeting, the bishops representing Caritas organizations of 23 African nations appealed to the governments of the seven most developed countries to deliberate concrete measures to help Africa address the multiple crises it is currently facing.

In their statement, the bishops voice their deep concern for the increasing poverty in Africa, which has worsened since the COVID-19 crisis. Growing levels of food insecurity, they say, are exacerbating conflict and social tensions in many African countries 鈥渕aking governance more fragile鈥�

"Unpayable鈥� debts

Hence the urgent need to alleviate what the Caritas bishops term as 鈥渦npayable鈥� debts, which, they write, requires reconnecting debt relief and human development needs, securing an automatic debt standstill, covering all creditors, and making debt relief accessible to all developing countries in need. 

The statement warns that without new sources of affordable finance for development, African countries facing 鈥渋mmense social and environmental challenges鈥� are likely to fall back into the vicious circle of debt.

Need for financial reform along ethical lines

According to the African Bishops, it is therefore, essential to rethink the International Monetary Fund鈥檚 Special Drawing Rights (SDR) 鈥渁s an instrument of finance, and rechannel a significant portion of those held by wealthy countries to Africa鈥�. SDRs are an international reserve asset created in 1969 by the IMF to supplement the official reserves of its 180 member states which can be used to provide a country with liquidity if a crisis arises.

While lauding the allocation of 650 billion US dollars in SDRs with support by the G7 countries as 鈥渁 significant move to provide pandemic crisis relief without adding to the debt burden of countries鈥�, the bishops insist on the urgent need for higher financial resource contributions from wealthier States and for a change in the current global economic policies, reiterating Pope Francis repeated calls 鈥渇or financial reform along ethical lines that would produce, in turn, an economic reform to benefit everyone".

Rekindling hope for Africa 

鈥淩ekindling hope and promise for Africa and its future generations requires action from the international community鈥�, the statement concludes. 鈥淲e believe that by working together, we can ensure that Africa receives the assistance it requires to overcome these crises and build a brighter future for all鈥�.