A Vatican-appointed commission that includes three BU scholars has recommended that rich nations give relief to debt-laden poor ones in 2025, declared a Jubilee Year by the Catholic Church. Photo via Unsplash/Victor Malyushev
Global Debt Relief
Debt-strapped developing nations need help, says Jubilee Year report, backed by Pope Leo XIV
Developing countries, staggering under $29 trillion of debt, might understandably long for their creditors to grant Deuteronomy’s jubilee: “At the end of every seven-year period, you shall have a relaxation of debts,” says the fifth book of the Old Testament and the…