In a world economy rocked by the whiplash of American trade tariffs that has spared few countries, the United States bishops have a proposition for President Donald Trump: Forgive some debts. Source: OSV News.
In a joint letter dated April 8, the US Conference of Catholic Bishops and interfaith development group Jubilee USA Network wrote to Mr Trump, encouraging him to build on global debt relief efforts from his first term.
According to the United Nations, the external debt – money owed to foreign creditors – of developing countries has quadrupled over two decades to a record $US11.4 trillion ($18.4 trillion) in 2023, which is equivalent to 99 per cent of their export…
