Good Money Week: help for all caught in grip of debt – Church Times

INCREASING numbers of people are falling into debt as the cost-of-living crisis persists, despite slight improvements in interest rates. The UK debt-help charity Christians Against Poverty (CAP) says that even some households customarily regarded as financially stable are now seeking assistance. Through a recent YouGov poll, whose results were released this month, CAP found that…

Bridging the Climate-Development Gap by Dani Rodrik & Ishac Diwan – Project Syndicate

CAMBRIDGE Low-income countries are in the throes of a liquidity crunch that is not only undermining their economic development but also deepening the global climate crisis. In 2020 and 2021, net financial transfers to Africa were close to zero their lowest level in a decade despite record transfers from multilateral development banks (MDBs). That drop-off…

Catholics ask Biden to deliver debt relief to countries most at risk … – National Catholic Reporter

As President Joe Biden urged global cooperation at the United Nations to combat climate change, a coalition of U.S. Catholic organizations is calling on his administration to use debt relief as a means to “unlock critical funding” for countries most vulnerable to the impacts of a rapidly heating world. The letter campaign, organized by the…