The Holy Year 2025 can have a lasting impact on the world’s poorest countries if governments and international institutions adopt a key element of the biblical concept of jubilee by forgiving, restructuring, or pausing foreign debt repayments, according to a report commissioned by Pope Francis. Source: CNS.
At the late pope’s request, the Pontifical Academy of Social Sciences and the Initiative for Policy Dialogue at Columbia University in New York brought together 30 global experts in debt, development and the global financial system to address the current…