News Archives » Sustainable Development Goals (SDGs)
Dominican Sisters Commit $46 Million to Seed New Climate Solutions Funds June 19th, 2020
(Among the initial group of additional funders are CommonSpirit Health, the Oblate International Pastoral Investment Trust and the Franciscan Sisters of Mary).
(Photo credit: Markus Spiske, Unsplash)
Sixteen U.S. congregations of Dominican sisters have pooled more than $46 million to establish a new investment funds initiative aimed at financing solutions to address climate change and assist communities worldwide most at risk.
The new Climate Solutions Funds are a collaboration five years in the making between the Dominican sisters and prominent investment firm Morgan Stanley. The sisters provided initial seeding of $46.6 million in 2018 for the funds, which with additional capital investments have grown to $130 million. The money will be directed toward global projects pursuing solutions to climate change as well as achieving the United Nations Sustainable Development Goals.
Read the full story at National Catholic Reporter’s EarthBeat.
Jubilee USA: Keeping our Promises to Finance Development December 20th, 2019
Author: Eric LeCompte, Executive Director, Jubilee USA Network (OMI JPIC Partner)
According to UNCTAD, the Sustainable Development Goals (SDGs) could be achieved with a 5-7 trillion US dollar investment. If we fund the SDGs, the Business and Sustainable Development Commission notes that 12 trillion US dollars of new market opportunities and 380 million new jobs could be created. Yet we know that the developing world is losing a trillion dollars a year, and according to the IMF’s latest report – 15 trillion US dollars is held in tax havens and financial secrecy havens.
UNCTAD notes that debt sustainability in developing countries is “deteriorating fast”, and the IMF states that as of last August, 47 per cent of low-income countries were in debt crisis or facing high debt distress. Human beings are suffering. In too many poor countries, high debts mean people don’t eat, people don’t see doctors and communities are unprepared to deal with the havoc caused by tsunamis, hurricanes, earth quakes and other extreme weather events. Read the full article on Friedrich-Ebert-Stiftung’s website.
Friedrich-Ebert-Stiftung ((FES) is a non-profit German foundation
