The Vatican has endorsed a report calling for reforms to alleviate the global debt crisis affecting billions of people in developing countries.
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The document, 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,” was presented at the Vatican’s Pontifical Academy of Social Sciences on June 20 as one of the main initiatives of the 2025 Jubilee Year of Hope.
Supported by Pope Leo XIV, the publication is the work of the Jubilee Commission created by Pope Francis in June 2024 in order to find a way to carry out sovereign debt restructuring based on ethical principles. Thirty…