WCC NEWS: WCC central committee reports solid financial outlook, shares latest progress on Green Village

The World Council of Churches (WCC) central committee expressed gratitude for the solidarity of member churches and ecumenical partners for financial contributions and for other participation in WCC’s work during the time of the pandemic. Participants of the WCC central committee meeting gathered at the Ecumenical Centre in Geneva on June 2018. Photo: Albin Hillert/WCC 14 February 2022 With regard to Kyoto, the first office building in Green Village, a Swiss institutional investor now benefits from a period of exclusivity, with a view to a possible acquisition. Kyoto will be the largest building in the Green Village and its sale will be significant for the project. The WCC executive committee has supported the approach to banks to seek bridging finance for the Kyoto construction, in case this may be required. Preliminary financial results 2021 present total income of CHF 21.9 million, increased from 2020 (when total income was CHF 21 million, without land sales). With total expenditure at CHF 20.9 million, the WCC reported a net increase in funds and reserves of CHF 1 million. While preliminary at this stage, these results also present a solid basis for this year, with general reserves steady, and the opportunity to meet the WCC executive committee’s guidance concerning the allocation of membership contributions to the assembly fund. The WCC central committee is meeting via videoconference 9-15 February to prepare for the WCC 11th Assembly, address business matters, and strengthen the WCC fellowship through sharing and prayer.   WCC central committee meeting 2022 WCC Annual reviews and Financial reports Learn more about the Green Village project See more

The World Council of Churches promotes Christian unity in faith, witness and service for a just and peaceful world. An ecumenical fellowship of churches founded in 1948, today the WCC brings together 349 Protestant, Orthodox, Anglican and other churches representing more than 550 million Christians in over 120 countries, and works cooperatively with the Roman Catholic Church. The WCC acting general secretary is Rev. Prof. Dr Ioan Sauca, from the Orthodox Church in Romania. Media contact: +41 79 507 6363; www.oikoumene.org/press Our visiting address is: World Council of Churches 150 route de Ferney Geneve 2 1211 Switzerland