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From CNS: How Church and Finance May Work Together to Benefit the World’s Poor

June 19, 2014 by

Catholic News Service reports on the Investing for the Poor conference, which recently wrapped up in Rome:

VATICAN CITY (CNS) — When Pope Francis condemns a “cult of money” and the “dictatorship” of a faceless economy, he isn’t trying to damper entrepreneurial spirit or shutter business.

What entrepreneurs and leaders need, he has emphasized, is having a proper relationship with wealth — that their money serve, not enslave.

Given the pope’s call for a more ethical economy of inclusion, the Pontifical Council for Justice and Peace, Catholic Relief Services and the University of Notre Dame’s Mendoza College of Business held a two-day conference in mid-June to look at how financial markets could respond.

Top experts in finance, including executives of Goldman Sachs and other investment firms, and representatives from development agencies and religious charities looked at how government, business and the church could work together to alleviate poverty and serve the common good.

“Each sector working alone is not enough,” in part because government agencies and charitable organizations don’t have enough money to solve today’s social and economic problems, said Carolyn Woo, president and CEO of Catholic Relief Services.

“But just because we ourselves are limited doesn’t mean, therefore, we throw up our hands and go home,” but rather look for ways to pool assets and unique capacities, she told Catholic News Service.

Read the full article on Catholic News Service.

Related articles:
Investing for the Poor Conference: Summary of First Day of Sessions
Investing for the Poor Conference: Summary of Second Day of Sessions
Pope Francis Meets with Experts on Impact Investing for the Poor

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