Pope Francis and World Bank

Pope’s guidance to IMF and World Bank*

The great strides over the past two decades to overcome global poverty have been reversed by the covid19 pandemic. The World Bank estimates that the number in extreme poverty will grow by 119 million to 124 million by the end of this year.

Hence, the importance of a recent letter by Pope Francis to a meeting of the World Bank and International Monetary Fund (IMF) setting out guiding moral principles for an economic recovery.

The IMF was established in…

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