Pope Francis has been promoting Jubilee 2025, which began in December, as a year of spiritual renewal for the people of God, but he has also connected this jubilee year with a call for debt forgiveness for nations in the developing world, which are struggling with fiscal burdens that prevent basic national investments in education, health care and human development.
Caritas Internationalis, the church’s network for humanitarian relief and development, describes “an urgent yet silent debt crisis.”
“Over 100 countries are struggling with unjust and unsustainable public debt, 65% of which is held by private lenders, slowing down, if not completely hampering, development and climate action,” according to Caritas. Scores of…
