Pax Christi USA is one of more than two dozen national Catholic organizations, including the Maryknoll Office for Global Concerns, Sisters of Mercy of the Americas-Justice Team, NETWORK Lobby for Catholic Social Justice, Franciscan Action Network, and the National Advocacy Center of the Sisters of the Good Shepherd, to name only a few, that have signed a new letter to President Biden urging him to take clear steps to ensure needed debt relief for impoverished countries.
The letter asks that the president take action by supporting the issuance of Special Drawing Rights (SDRs) at the International Monetary Fund (IMF), which would allow poorer countries to repay debt or to purchase food and/or medicine, or to strengthen their reserves….
