Go to home page

‘Finance in Common’ Summit Seeks To Cut Global Development

Nov. 9, 2020 (EIRNS)—In a clear attempt to cinch the imperial knot and cut off all remaining avenues of finance to all “unsustainable” development efforts, a four-day meeting starts today with the odd title “Finance in Common.” The summit is an attempt by imperial forces to unify all 450 (by their count) “public development banks” under the green finance umbrella, with its restrictive environmentalist sustainable goals as criteria for rejection of any but the greenest of investments.

Some 140 major financial firms have already limited their investments in the oil and gas sector, according to the advocacy group the Institute for Energy Economics and Financial Analysis.

Co-organized by the International Development Finance Club and the Islamic Development Bank, the lead speaker (of literally dozens) is Timothy Adams, President and CEO Institute of International Finance, itself representing over 500 “global financial institutions,” followed by Masood Ahmed, president of the Center for Global Development, an organization committed to meeting the Paris Climate Accords and which claims to have “changed the conversation” on China’s development financing, introducing the concept of the “debt trap” in 2018.

Back to top    Go to home page clear