Global: ensuring climate funds reach those in need
As climate change creates huge ecological and economic damage, more and more money is being given to at-risk countries to help them prevent it and adapt to its effects. But these grants can be diverted into private bank accounts and vanity projects. Senior staff at Kenya’s geothermal energy company went on compulsory leave after trying to embezzle US$19 million, and a Bangladesh fishing community cannot reach their cyclone shelter that was built on the other side of a river which isn’t crossable during bad weather. The contractor built the shelter next to his own house. Also 52 Maldivian families were relocated from islands vulnerable to erosion and sea surges. The government raised funds to house them. Construction never began; they were still homeless eight years after the relocation. Transparency International works to safeguard climate change funding from corruption, by monitoring and exposing corruption risks and supporting communities.
Iran: people told to economise
President Hassan Rouhani's chief of staff has called upon people, in the current economic situation, to avoid buying more goods than they require. He urged merchants and shopkeepers to respect fairness in pricing commodities. Since the USA re-imposed sanctions, Iran is experiencing skyrocketing prices and shortages of essential commodities. People are hoarding medicines, foodstuffs, and baby nappies in large quantities, even in warehouses. Iran's currency fell to a record low (140% drop), and Iranians are now using money-changers in fear of further drops. The second stage of US sanctions, targeting oil exports and banking, will begin on 4 November. Experts believe ongoing political and economic challenges are fuelling widespread anger against the regime. But as the regime’s popularity decreases, the influence of the gospel increases. World Mission reported that Iran’s underground church is one of the fastest-growing in the world.
Answered prayer - loan sharks
In July 2013 you were asked to pray for measures to be taken to end Wonga-style loans, after the Archbishop of Canterbury boldly stated he would tackle the scourge of high-cost payday lending and work towards expanding credit unions. On 30 August Wonga, the payday lender with extortionate interest rates, collapsed into administration after it was brought down by a welter of compensation claims. On 1 September the Guardian reported, ‘Credit unions on the rise’. Credit unions, not-for-profit cooperatives, are owned and controlled by their members and traditionally specialise in loans and savings for the less well-off. In a credit union, members pay in small sums to their account and can then access loans. Justin Welby’s prophetic statement that he would ‘compete’ Wonga out of existence appears to becoming a reality as loansharking is shrinking. See
Answered prayer - children spending online
A few weeks ago you were asked to pray for laws to be passed to stop companies producing online internet games that look more like gambling. Other European countries already have far stricter rules in place to protect children from racking up huge gaming bills. Belgium and the Netherlands consider some in-game spending as gambling and have made them illegal. Last December a teenager accidentally spent his mother's entire monthly wage on line because her debit card was registered to his PlayStation account. But from December, a new icon will appear on video games boxes, warning parents of the potential for extra purchases, in a bid to avoid similar instances.
