London, UK
Reuters
The death of Pope Francis and global aid cuts led by the United States could complicate the work of a group of experts assembled by the Vatican to bring debt relief and a fairer financing system to the world’s poor.
Developing countries are already grappling with shrinking concessional financing and difficulty accessing bond markets due to the selloff triggered by US President Donald Trump’s sweeping tariffs.
People walk in front of St Peter’s Basilica in St Peter’s Square ahead of the conclave, which will be held on 7th May, at the Vatican, on 30th April, 2025. PICTURE: ReutersStoyan Nenov
The challenges were highlighted when the Vatican-assembled group, known as the “Jubilee Commission”, presented…
