Vatican-backed report calls for global debt relief amid climate crisis. ... Before his death in April, Pope Francis declared 2025 as a Jubilee Year, or a year of hope and forgiveness.

The document was presented at the Vatican’s Pontifical Academy of Social Sciences on June 20 as one of the main initiatives of the 2025 Jubilee Year of Hope.

The late Pope Francis had trenchant opinions on many subjects, and the sustainability of sovereign debt burdens in emerging markets was among them. Francis’s address on New Year’s Day this ...

The late Pope Francis, a vocal advocate for debt justice, had long urged bilateral lenders to offer relief to highly indebted nations. Last year, he appointed a commission of 30 economists to ...

The Pontifical Academy of Social Sciences, marking the Jubilee of Hope, issued a report on debt and development in the world and the need for a sustainable, people-centered global economy June 20.

A commission appointed by the late Pope Francis has released a new report highlighting the urgent need to address global debt, which has hindered sustainable development and climate action.. The ...

Vatican City, Jun 23, 2025 / 15:15 pm. The Vatican has endorsed a report calling for reforms to alleviate the global debt crisis affecting billions of people in developing countries.. The document ...