Vatican City, Sep 30, 2004 / 22:00 pm
Cardinal Renato Martino, president of the Pontifical Council for Justice and Peace, in an address to the 16th Banking Conference held in London, spoke of the need for Global development more human, integral, sustainable, and marked by solidarity.
The theme of this year's conference is promoted by the Italian Chamber of Commerce for the United Kingdom and includes leaders from the British banking world, is "Is there a European model for global economic and social growth?"
Cardinal Martino made clear the need for greater cooperation in development. He pointed out that "the action of cooperation suffers from bureaucratic language, which imposes heavy burdens on the receiving countries in order to meet the requests for supervision and evaluation on the part of donors."
"Several governments are moving significantly in the direction” of giving greater funding for development, “with the moral support of the Holy Father and the Holy See."
Cardinal Martino underscored in conclusion that "models of development must not degrade extraordinary richness and diversity present in Europe."
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