The 6th meeting of the Ecumenical Panel on a New International Financial and Economic Architecture (NIFEA) unfolded as an influential gathering aimed at reshaping global economic dynamics. On March 25, the event commenced with opening remarks from the general secretaries of the co-sponsoring organisations, setting a solemn yet optimistic tone.
Keynote speaker Iemaima Jennifer Vaai delivered a compelling address titled “Why We Need NIFEA Now More Than Ever,” urging attendees to recognise the urgent need for transformational economic strategies. The first two days featured vibrant panel discussions addressing critical issues such as inequality, global economic governance, and the decolonisation of the global economy, inviting participants to engage actively in these vital topics.
On March 26, participants transitioned into group work sessions, focusing on identifying priorities and strategies that could potentially steer future actions within the NIFEA framework. The culmination of the meeting on March 27 involved drafting a statement aimed at the 4th UN International Conference on Financing for Development, solidifying commitments to new economic architectures.
In addition to the discussions, resources such as the Oxfam 2025 report on global inequality, titled “Takers Not Makers: The Unjust Poverty and Unearned Wealth of Colonialism,” and an ongoing report on NIFEA 2022-2025 were highlighted to enrich the dialogue and inspire actionable insights.
The 6th NIFEA meeting recently highlighted urgent discussions on economic reforms. Keynote speaker Iemaima Jennifer Vaai stressed the need for innovative strategies to combat inequality. The meeting included group sessions to develop priorities, culminating in a drafted statement aimed at the upcoming UN International Conference on Financing for Development.
The 6th Meeting of NIFEA served as a pivotal platform for addressing global economic challenges, emphasising the urgent need for new financial architecture. Through keynote addresses and dynamic discussions, participants were inspired to push forward with strategies against inequality and the colonial legacies in economics. As the meeting concluded with a call to draft a relevant statement for the upcoming UN conference, it laid the groundwork for future initiatives aimed at a fairer global economy.
Original Source: www.oikoumene.org
