The Pope criticized the IMF

Pope Francis took part in a conference in the Vatican on the global economy, exposing the barely veiled criticism of the international monetary Fund, as well as tax breaks for the wealthy in different countries.

Wednesday, February 5, at the Pontifical of social Sciences at the Vatican conference on “New forms of solidarity” devoted to the problems of inequality and high debt in many countries.

the conference was attended by the managing Director of the IMF’s Kristalina Georgieva, the French Finance Minister Bruno Le Mayor, the Finance Minister of Argentina, Martin Guzman, and a number of officials, politicians and economists, including Nobel laureate in Economics Joseph Stiglitz.

the Involvement of Francis in this conference was not originally intended. A number of observers noted that his sudden visit and speech by Pope Francis “has made a political ambush” for the conference participants.

the Pontiff said that “developing countries with a large debt, need help, which is necessary in order to alleviate the suffering of the people.” In his words, “the world is rich, but the number of poor people continues to grow.”

“You must remember your duty to help the poorest countries,” said Francis, addressing the audience, and, first and foremost, this appeal was clearly addressed to the head of the IMF Georgieva present in the room.

currently, the international monetary Fund and the Argentine authorities are in talks on debt restructuring – IMF and Minister of Finance of Argentina, in particular, to conduct negotiations on this matter immediately before the conference.

Francis, who served as Bishop and Archbishop of Buenos Aires until the election of the new head of the Roman Catholic Church, in a sense, used a speech at the Pontifical Academy of social Sciences in the Vatican in order to stimulate a more active discussion dannago question.

the Pope in his speech also criticized the most affluent people in the world, saying that they would “health care and education for every poor child in the world.” He called the tax deductions enjoyed by wealthy citizens of various countries “structures of sin,” noting that “each year hundreds of millions of dollars that could be collected in taxes and sent to Finance health and education, but instead find themselves in offshore accounts”.