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Despite repeated engagement by a host of people’s movements and non-governmental organisations on the socio-political implications of finance capitalism, we see much less engagement on actual economic framework of corporate, finance capitalism in our day-to- day struggles for socio-economic equality and justice. The sphere of operations and influence of finance capital has now reached every corner of the world. It is also becoming a controlling tool through increasing concentration and centralisation of capital in the hands of large corporations, cartels, trusts and banks. Not just that, these supranational entities are also diversifying into fields with intense financial intent thus bringing to effect financialisation of economy the world over. One serious outcome as a result of this tenet of capitalism has been the wielding of extreme economic powers to influence political processes through development finance. Development finance operates to make investments in regions, which are otherwise unable to attract capital. This operates on market principles, and generally seek to maximise profits and development impact by advancing policy reformulations meant to fall in line with market theories of neoliberal economics. Development finance is fast becoming an engaging field with individuals and groups investing their time, energy and capacities in mapping its flow and impacts on people. With multiple channels of finance, be they international, national, banks, or non- banks, capacities in countering finance, or development finance for that matter has become a challenge that calls for a constant upgrading of capacities to do so in understanding the various formulations in the larger scheme of political economy or fiscal governance. This is largely the vision of Public Finance Public Accountability Collective, PFPAC, which aims at providing a panorama of the public financial ecosystem.

Finance as a subject has proved time and again to be a difficult topic for the people in civil society to deal with and one of the main reasons as why it has managed to escape the scanner of accountability to a large extent. To bridge this gap, PFPAC has to play a vital role in bringing together various individuals and organisations, who can collectively strengthen the efforts to ensure that the financial institutions do not get a free hand in pushing their vested interests. It is with this intent the collective lays down its priorities.

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