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A Moral Economy that works for all Countering Unequal Distribution of Wealt...

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Baha'i International Community Office

866 UN Plaza

New York, New York 10017

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Space is limited to confirmed participants. Please RSVP by October 15, 2018.

An Orientation to Financing for Development

Objectives of the orientation session:

  • To familiarize NGOs with the role and processes of Financing for Development.
  • Provide an orientation to Finance as a human rights issue with the history of the NGOsonFfD in NY
  • Introduction to the NGO Committee on FfD’s advocacy guide clarifying the what, why and how of advocating for Economic Justice at the UN.

List of Speakers:

  • Philo Morris, Medical Mission Sisters (founding Chair, NGO Committee on FfD)
  • Daniel Leblanc, former chair and Member, NGO Committee on FfD
  • Sandra Vermuyten, Head of Campaign, Public Services International
  • Cecilie Kern, Lead, Education Committee, NGO Committee on FfD

Moderator: Anita Thomas, Chair, NGO Committee on FfD

Welcome: Celine Paramunda, Vice-Chair, NGO Committee on FfD

Background:

In a global society that favors gain at the expense of the society’s most vulnerable, we each need to grow in awareness of the structures in place that support an unbalanced distribution of wealth. Resources abound at the global level. This century has seen unprecedented access to capital. Global extreme poverty continues to fall. Yet, income inequality dramatically consolidates wealth among a fraction of the world’s population. This inequality brings to the fore questions of morality in the structures that maintain the current economic systems.

According to Professor Jeffrey Sachs, the global economy finds its roots in addiction – to sugar. The demand for sugar cane and its subsequent filling of coffers fueled the slave trade of the 1600s. This drive for wealth at the disregard of our shared humanity embedded a winner-take-all mentality into the global capitalist structure. Its effects linger even today.

Financial regulations that turn a blind eye toward tax-havens are indicators of the extent to which the privatization of wealth has generated today’s culture of shortsightedness. Morality is not arbitrary. The well-being of our planet and its 7.5 billion human inhabitants, and the more-than-human world require a readjustment of perspective that justly distributes wealth, recognizing that shared prosperity sustains life.

We, as civil society, have the ability, insight, and responsibility to advocate to change the narrative. This moment requires a greater vision to the world that is possible. Therefore, it is our time and our task to work to remove the malignant growth of addiction to individual gain by promoting financial structures that support collaboration, transparency, and accountability.

In light of the above, the NGO Committee on Financing for Development urgently calls for:

  • Recognition of the human rights of all peoples in the creation of financial policy
  • To advocate for the well-being of all, especially those people living in poverty
  • Policy that generates a fair distribution of wealth.


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Baha'i International Community Office

866 UN Plaza

New York, New York 10017

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