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Exploring Banking, Race and Colonialism blog series

1. The Bank of England and the slave trade – why apologies are not enough

While the Bank’s recent apology accepts that former directors and members profited from slavery, there is still an effort to maintain the innocence of the institution. 

2. Beyond financial inclusion, we need racial economic justice

Aiming for financial inclusion is not enough, public and private financial institutions must put racial economic justice at the center of their efforts.

3. Modern-day colonialism: debt crisis in the Global South

As debt repayments from low-income countries are forecast to hit between $2 and $3 trillion next year, this looming debt crisis in the Global South constitutes a modern day form of colonialism.

4. Apartheid in the World Bank and the IMF

These institutions were designed with colonial principles in mind, and they remain largely colonial in character to this day, with a form of apartheid operating right at the heart of international economic governance. 

5. Finance, Old and New, and the Climate Crisis in the Global South

Climate reparations are the responsibility of rich countries and corporations for their past and present exploitation of Black and Indigenous communities in the Global South. 

6. How Currency Power Constrains Climate Action

‘Climate finance’ commitments are woefully inadequate while inequalities in currency power force Global South countries to extract environmentally costly goods, and export them to the Global North. To end the outsourcing of emissions and remove the restrictions imposed on climate vulnerable countries, we need a new international monetary system.  

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Recent Posts

  • Climate Change Committee confirms voluntary pledges no substitute for financial regulation
  • What we need to see in the government’s Green Finance Strategy
  • Slavery & the Bank: acknowledgement is not action
  • 5 ways our broken economic system is damaging our mental health
  • Why we need digital money we can trust

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