By Angelo Amante and Giuseppe Fonte ROME (Reuters) -Italian Prime Minister Giorgia Meloni said on Friday she was working with the European Union on a debt-relief initiative for African states – part of Rome’s efforts to help development in Africa and address the root causes of mass migration. Meloni met European Commission President Ursula von…
By Angelo Amante and Giuseppe Fonte ROME (Reuters) -Italian Prime Minister Giorgia Meloni said on Friday she was working with the European Union on a debt-relief initiative for African states – part of Rome’s efforts to help development in Africa and address the root causes of mass migration. Meloni met European Commission President Ursula von…
A new report by leading economists calls for urgent action and systemic reforms to address the mounting debt and development crises affecting billions of people around the world. Titled The Jubilee Report: A Blueprint for Tackling the Debt and Development Crises and Creating the Financial Foundations for a Sustainable, People-Centered Global Economy, the document was authored…
VATICAN CITY (CNS) — The Holy Year 2025 can have a lasting impact on the world’s poorest countries if governments and international institutions embrace a key element of the biblical concept of jubilee by forgiving, restructuring or pausing foreign debt repayments, said a report commissioned by Pope Francis. At the late pope’s request, the Pontifical…
The Holy Year 2025 can have a lasting impact on the world’s poorest countries if governments and international institutions embrace a key element of the biblical concept of jubilee by forgiving, restructuring or pausing foreign debt repayments, said a report commissioned by Pope Francis. At the late pope’s request, the Pontifical Academy of Social Sciences…
A business finance firm is broadening its services to better support SMEs. Oldham-based PMD Business Finance has launched a new debt advisory service to complement its existing credit broking operations. The new team includes experienced directors Callum Bull, John Platt, Mark Millhouse and Kai Wynne-Jones, supported by Debbie O’Grady and relationship manager Lewis Alessandra. Chief…
The Holy Year 2025 can have a lasting impact on the world’s poorest countries if governments and international institutions embrace a key element of the biblical concept of jubilee by forgiving, restructuring or pausing foreign debt repayments, said a report commissioned by Pope Francis. At the late pope’s request, the Pontifical Academy of Social Sciences…
A conman has been sentenced after posing as a professional bathroom fitter and defrauding customers out of thousands of pounds to fund a gambling habit. Liam John Harbottle, of Aiskew near Bedale, pleaded with customers for advance payments, saying he was desperate to pay his bills, but failed to complete the work, police said. The…
Vatican-backed report calls for global debt relief amid climate crisis Mongabay Read the original article here
Developing countries need a fresh round of debt relief, to prevent money urgently needed for health and education being diverted to creditors, according to a major new report commissioned by the late Pope Francis. The Jubilee report, produced by a panel of experts chaired by Nobel prize-winning economist Joseph Stiglitz, argues for debt restructuring, along…