04.10.13 // Institutional Strengthening, News

ACIJ´s role in the Conference of the coalition for Financial Transparency in Tanzania

Sebastián Pilo, coordinator of the area of Strengthening Democratic Institutions at ACIJ participated in the Conference ‘Towards Transparency: Making the Global Financial System Work for Development’ organized by the coalition of Financial Transparency (www.financialtransparency.org), in the city of Dar Es Salaam, Tanzania, the 1st and 2nd of October.

The coalition for Financial Transparency is a global coalition which works to tackle the obscurity of the international financial system- which creates inequalities that effect thousands of millions of people- looking to improve sustainable transparency and the incorporation of an international communication platform.

The annual conference of the coalition, this year held in Tanzania, developed a diverse array of themes linked to the opacity of the financial system, and how to correct them; the function of illegal financial transactions, and their place in the avoidance of financial obligations, economic crimes and the pull of the exploitation industries; the difficulties with tax havens and secret finances; along with the challenges for the strengthening of states institutions in the subject of transparency, and the discussion of possible financial models for co-operating counties in the search for a stable economy. A large part of the debate exchanged was directed at the culture of pillaging, which was particularly present at this time in the African continent.

Conference panelists and numerous representatives of organizations of civil society and politics participated, coming from all parts of the world- primarily Africa and Europe-, especially dedicated to the themes of financial justice, financial transparency, strengthening democratic institutions and anti-corruption.

‘Governmental corruption and opacity in financial systems are two problems that are interconnected: those who abide by principles of transparency in financial systems also require cooperation in state functions; while the corrupt actors require a financial system that is obscured to hide their practices. For this reason, for organizations like ACIJ, to be able to apply our work in the subjects of corruption, transparency, civil participation and communication, which were common aims in many organizations dedicated to transparency in financial systems, this is vitally important, and opens various opportunities to reinforce the impact of our work through cooperation and interdisciplinary efforts’, concluded Sebastián Pilo.