Pope Francis referred to the words of St. Peter. John Paul II
Francis called on rich countries and institutions to reduce or completely cancel the debts of poor countries. According to the pope, that occasion will be during the 2025 Jubilee Year, which begins in December, Francis referred to the saint's words in his message. John Paul II.
Pope Francis on Thursday called on rich countries and financial institutions to significantly reduce or completely waive their debts to debtors “as a matter of justice.”
Pope Francis called for debt cancellation. he mentioned John Paul II
Francis referred to the saint's words in his message. Pope John Paul II stressed in 2000, Rothko's Jubilee, that debt “threats the future of many countries.”
According to the Pope, many countries “are unable to pay back what they owe.” President Francis also called for the creation of a new fiscal framework “so that this does not become just an isolated act of charity that restarts the vicious cycle of financing and debt.”
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He said the “new framework” should be based on “solidarity and harmony among peoples.” The Argentine-born pope has repeatedly called for debt relief for the impoverished southern hemisphere.
2025 Jubilee Year. a special day for the church
The 2025 Jubilee Year begins in December 2024 and will include a number of events. Prime Minister Francis stressed on Thursday that this could be an opportunity to cancel the debt.
The Jubilee Year, which occurs once every quarter century, begins on Christmas Eve, when the Pope opens the Holy Doors of St. Peter's Basilica. Peter. The event could draw around 32 million pilgrims to Rome.
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