Finance, debt and the Covid response

Policy and research

Even before the Covid-19 pandemic countries in the global south were not spending enough on areas such as health. Limited access to the vaccine will deepen the economic disruption and push more countries into debt crises.

Key areas of work

Through research and campaigning, CAFOD is pressuring the UK government to:

  • Push for debt payments to be cancelled.
  • Pressure private banks, asset managers and hedge fund to participate in debt relief and restructuring initiatives.
  • Use new finance through mechanisms such as IMF Special Drawing Rights to support institutions that will tackle the pandemic and climate change.

Pope Francis has called for us to rethink the global economy work to ensure it does not deepen poverty, inequality and environmental degradation. 

CAFOD is calling for the creation of decent and green jobs: work designed in a way that gives a decent livelihood to the worker, while protecting and restoring our common home.

Through our country programmes CAFOD is committed to working with the poorest and most disadvantaged communities to support enterprise development.

Policy and research documents on economic justice

Found 19 results

  • UK SDR allocation statement Joint statement on UK channelling of its SDR allocation

    CAFOD calls on the UK to take this unique opportunity for what is likely the largest financial contribution to global development, relative to the cost to the country, that the UK has ever been able to make.

  • Reliant on relationships Reliant on relationships: Environmental and working conditions among Kenyan smallholder farmers

    CAFOD and partner organisation Jesuit Hakimani Centre set out to find out what decent and green work looks like to ordinary Kenyans in rural areas.

  • Pathways out of poverty Africa New pathways out of poverty in Africa

    In this joint report CAFOD and Christian Aid show why agricultural transformation is fundamental to a permanent end to hunger and poverty in Africa.

  • Using the UK's SDRs Using the UK's SDRs to tackle Covid-19 and climate change

    This discussion paper argues that the UK should use an increase to overall reserves to rapidly scale up access to Covid vaccines for the poorest countries and to tackle the global climate and biodiversity crisis.

  • Under the radar Under the radar: Private sector debt and coronavirus in developing countries

    This briefing aims to shine a light on the debt owed to private creditors by five African countries - Ghana, Kenya, Nigeria, Senegal and Zambia - and outlines the steps which the G20 needs to take immediately to avert further economic chaos.

  • CDC leadership green recovery CDC leadership in a just and green recovery

    As countries seek to recover from Covid-19, their economies need to be greened at pace. In this discussion paper we put forward proposals which would enable CDC to increase its ability to meet the challenge of accelerating a just, green recovery.

  • UK ODA sustainable development Making ODA fit for purpose in a changing world

    A policy brief prepared by CAFOD, the RSPB, Christian Aid, WWF-UK and Oxfam GB, based on the 'UK ODA and sustainable development' report by IIED (International Institute for Environment and Development).

  • CAFOD Guide to Enterprise Development Enterprises with Purpose: CAFOD Guide to Enterprise Development (7mb, pdf)
    CAFOD, SCIAF

    This guide seeks to support programme teams and partners working directly with enterprises to enhance their viability and sustainability.

    This revised guide seeks to refresh the original guidelines created in 2015, build on feedback and learning from programme staff and partners, and reflect an “integral ecology” approach in our work with small enterprises.

  • The Charter4Change Oslo Annual Meeting Communique 2018 The Charter4Change Oslo Annual Meeting Communique 2018 (154kb, pdf)
    Charter4Change Coordination Group

    The 3rd Annual Charter4Change meeting took place in Oslo in December 2018. CAFOD was represented by Anne Street, Head of humanitarian Policy and Laura Donkin, Humanitarian Capacity Strengthening Manager. The Communique provides highlights from the meeting and the progress made so far by the 36 Signatories towards the 8 localisation commitments of the Charter. CAFOD was a founding Charter4Change organisation back in 2015 together with Christian Aid, DanChurch Aid and the NEAR [Southern NGO] Network .

  • Decent green jobs How to achieve decent green jobs?

    We are out of time for treating human and environmental needs as two separate and competing priorities. It is time to create decent and green jobs: work designed in a way that gives a decent livelihood to the worker, while counteracting environmental degradation and climate change. Designed in the right way, they can even be transformational: creating a ripple effect of positive change in the social, economic and environmental spheres.

  • New pathways out of poverty in Africa: the promise of sustainable and inclusive agricultural transformation New pathways out of poverty in Africa: the promise of sustainable and inclusive agricultural transformation (4mb, pdf)
    CAFOD and Christian Aid

    Agricultural transformation has become a development priority for African governments and the international development community. In this report CAFOD and Christian Aid show why agricultural transformation is fundamental to a permanent end to hunger and poverty in Africa but highlight the risk that agricultural transformation strategies can increase inequality and further degrade the environment. We then set out four priority areas for future dialogue and action on agricultural transformation in Africa.

  • How can a Green Economy Power the SDGs? How can a Green Economy Power the SDGs? (2mb, pdf)
    Graham Gordon, Head of Public Policy at CAFOD

    If Green Economy approaches are going to support the sustainable development goals, they need to be take a much more transformational approach and focus beyond technical and economic priorities. Rooting the plans in the SDGs, they need a greater focus on citizen participation, leave no-one behind and environmental sustainability. This briefing summarises an analysis of existing Green Economy plans and recommends priorities for future work.  

  • Delivering sustainable development: A principled approach to public-private finance - April 2015 Delivering sustainable development: A principled approach to public-private finance - April 2015 (369kb, pdf)

    Achieving the sustainable development goals (SDGs) will require significant amounts of money. Governments across the world are increasingly looking at ways of working with the private sector to provide this money, but the challenge is to ensure that all finance contributes to sustainable development. For this to happen, we propose a set of principles for all governments to apply both in the project and programme design and development as well as in any monitoring and accountability mechanisms.

  • Securing social justice in green economies, 2014 Securing social justice in green economies, 2014 (3mb, pdf)

    This paper expands on the analysis in our previous short briefing. Green and just development requires two key ingredients: integrated policymaking and a holistic outcome framework combining environmental, social and economic objectives. Focusing on developing countries, this paper draws on learning from national case studies and international analyses. It concludes with ten critical considerations for shaping green and just national strategies and policies.

  • Common Good and the Economy Common Good and the Economy (732kb, pdf)

    CAFOD considers how Catholic Social Teaching and the theme of the ‘common good’ can form the basis of a much-needed reframing of the UK and global economies.

  • Green economy briefing, 2014 Green economy briefing, 2014 (134kb, pdf)

    Green economy and green growth policymaking are moving to the centre of many national development strategies. But policymakers often fail to take sufficient account of the social implications and costs of such policies — and miss valuable opportunities for social synergies, to the detriment of people living in poverty. Diverse country experiences of green policymaking demonstrate a spectrum of approaches, ranging from no social analysis or action, to pursuing transformational social change. This briefing draws on learning from a wide range of national case studies to propose ten guidelines for promoting national strategies and policies that are both green and just.

  • Thinking small Thinking small

    This resource collection contains some of CAFOD’s thinking and work around the role that small businesses play in reducing poverty and what we can do to better support this important sector.

  • Doing Business extra Doing Business extra

    All our papers, reviews and recommendations on the World Bank's Doing Business Review.

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