Pope Francis’ Prayer Intention for May is for the Regulation of Financial Markets

Each month, the Pope’s Worldwide Prayer Network produces a video to spread the pope’s prayer intention. In 2021, these intentions have ranged from prayer for women who are victims of violence to prayer that more people will return to the sacrament of confession.

Fr. Frédéric Fornos, S.J., president of the network, said that “this prayer intention must be understood in the context of the crisis we’re living through, which has made evident the great inequality there is in the world.”

In 2020, global Gross Domestic Product (GDP) recorded its largest drop since the end of World War II, with millions of job losses as a result of restrictions imposed in response to the coronavirus pandemic.

“The pope said it again recently,” Fornos said. “We cannot be content with ‘a return to an unequal and unsustainable model of economic and social life, where a tiny minority of the world’s population owns half of its wealth.’”

In this month’s video, Pope Francis stressed that “finance is a tool” to be put at the service of people and to “take care of our common home.”

More in Africa

Ghana’s Catholic Bishops Urge “immediate cessation of all violent activities” after Elections

Read the article

He said: “We still have time to start a process of global change to put into practice a different, more just, inclusive, sustainable economy that leaves no one behind. Let’s do it.”