In their February 23 one-page statement, CIDSE officials note that besides the loss of lives, the COVID-19 pandemic has also affected various aspects of people in poor countries.
“COVID-19 has stretched healthcare systems in many poor countries beyond breaking point, left millions of people without jobs and livelihoods, and decimated economies,” they note in their statement ahead of the planned meeting of G20 Finance Ministers scheduled to take place in Italy.
CIDSE leadership further says that the pandemic “has exacerbated existing inequalities; whereby more powerful countries can use their position and power to secure access to vaccines and support their own economic recovery.”
COVID-19 pandemic “has compounded the challenges for many countries that were struggling with the impacts of climate change,” CIDSE officials add.
Amid these challenges, officials of the international alliance of Catholic development agencies working together for global justice call on G20 Finance Ministers “to respond to the urgency of the current crisis with global cooperation, solidarity and leadership that is needed.”
(Story continues below)
Subscribe to our daily newsletter
At ACI Africa, our team is committed to reporting the truth with courage, integrity, and fidelity to our faith. We provide news from Africa, as seen through the teachings of the Catholic Church - so that you can grow in your Catholic faith.
When you subscribe to the ACI Africa Updates, we will send you a daily email with links to the news you need.
Use the form below to stay informed, and to tell us where we can send the ACI Africa Updates!
As part of this free service you may receive occasional offers from us at EWTN News and EWTN. We won't rent or sell your information, and you can unsubscribe at any time.
“We need to act in global solidarity as one human family, moving from a myopic focus of what's politically, financially and technically feasible, to concentrate on what is necessary to save lives and protect our planet for current and future generations,” CIDSE officials emphasize.
They want the G20 Finance Ministers to “support a new and significant issuance of $3 trillion Special Drawing Rights (SDRs) by the International Monetary Fund (IMF), that will enable all countries to respond to the current COVID crisis and support a just, sustainable recovery.”
They also want the G20 Finance Ministers “to extend the debt moratorium through the DSSI (Debt Service Suspension Initiative) for longer (at least 4 years) and to more countries, including those climate vulnerable countries who were already struggling to respond to added pressures of climate change.”
That some private creditors continue taking debt payments from countries struggling to respond to the needs of their citizens is a concern that CIDSE leadership wants the G20 Finance Ministers to address, so that the private creditors are compelled “to participate in all debt restructuring and debt relief.”
CIDSE officials also want the G20 Finance Ministers to “support a permanent debt workout mechanism to deliver timely, comprehensive, and fair debt restructuring to all countries with a high and unsustainable debt burden, without conditionality.”
Established in 1976, CIDSE is a family of 18 Catholic social justice organizations from Europe and North America who strive to attain transformational change to end poverty and inequalities, challenge systemic injustice, inequity, destruction of nature and promote just and environmentally sustainable alternatives.