Fair financial Markets: The key to development

Due to abusive transfer pricing, tax evasion, corruption and money laundering, an estimated 860 – 1000 billion USD flow out of developing countries per year – much more than they get as development aid. Consequently, these countries are lacking substantial resources to finance their own development. Bread for All demands effective instruments to prevent capital and tax evasion as well as to finance development aid on a sustainable basis.

Unstable financial markets and financial outflows are a severe obstacle for many countries’ development, and they cause poverty. The crises on financial markets produced disastrous social consequences in the last decades, especially in developing countries where millions of people fell below the poverty line.

Problems are complex and often require global solutions, especially in the financial sector:

Bread for all supports the introduction of instruments to dam up capital and tax evasion.

In Switzerland, Bread for all is involved in the transparent restitution of assets stolen by potentates in developing countries

Bread for all shows parishes and individuals how to invest money in order to support the poorest in their development efforts.