Published December 12,2024
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Pope Francis on Thursday referred to as on rich nations and establishments to considerably scale back if not outright cancel debt as a matter of justice on the event of the Vatican’s
In a message for world peace, Francis referred to St. John Paul II’s admonition in Jubilee Year 2000 that debt “threatens the future of many nations.”
He famous that many nations “are in no condition to repay the amount they owe,” and called for a new financial framework “lest this show merely an remoted act of charity that merely reboots the vicious cycle of financing and indebtedness.”
A brand new framework ought to be primarily based on “solidarity and concord between individuals,” stated the Argentine-born pope, who has repeatedly referred to as for debt aid for the poorer southern hemisphere.
The pope has underlined the Jubilee Year as a possibility to cancel debt. The once-every-quarter-century occasion formally begins on Christmas Eve, when Francis opens the Holy Door of St. Peter’s Basilica. It is anticipated to convey some 32 million pilgrims to Rome.
Source: www.anews.com.tr