07 October 2014, The Tablet

Welby to share stage with global finance chiefs at IMF


The Archbishop of Canterbury is to join the heads of the International Monetary Fund (IMF) and the Bank of England in Washington for a panel discussion on making global finance more inclusive.

IMF President Christine Lagarde and Bank of England Governor Mark Carney have previously voiced concerns at the growing gap between the rich and the poor.

In May Ms Lagarde, who has a doctorate from Belgium’s Catholic University at Leuven, cited Pope Francis in a speech she gave in London on “inclusive capitalism”, echoing his phrase that inequality is the “root of social evil”.

Speaking at the same event, Mark Carney, who attends Mass at a church in north London, said business needed to be seen as a vocation and argued that market integrity was “essential” to fair financial capitalism.

Archbishop Justin Welby, a former oil executive, was a member of the Parliamentary Commission on Banking Standards that was set up in the wake of the financial crisis.

They will be joined by Philipp Hildebrand, vice chairman of asset managers BlackRock, and Singaporean investment tsar Ng Kok Song.

Follow the live webcast on Sunday at 9am local time, 2pm BST.


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