debt relief Archives

Vatican backs debt relief for poor countries as part of COVID recovery

Jul 4, 2020

The Vatican’s representative to the UN in Geneva says coordinated action by the international community is of “utmost importance,” as developing countries are already struggling under unsustainable debt burdens or because they are too poor to tackle the impact of the Covid-19 crisis.

By Inés San Martín

Advocates seek debt relief so poor nations can better respond to pandemic

May 15, 2020

Advocates for debt relief for the world’s poorest countries are calling on international policymakers to cancel debt payments and expand debt relief for developing nations to bolster health care and protect vulnerable people and workers during the coronavirus pandemic.

By Dennis Sadowski

Economic impact of coronavirus in Africa means debt relief needed, Christian Aid says

Apr 16, 2020

As Africa struggles with the COVID-19 coronavirus pandemic, the continent’s governments will have to make hard choices: Keep servicing its debts and compromise the lives of their people or stop debt repayments to redirect resources for emergency response.

By Crux Staff

Bishop, faith groups urge Trump to support debt relief for poor nations

Apr 10, 2020

Two leading proponents of debt relief for developing countries urged the White House to lead the call for a moratorium on debt payments for poor nations so they can devote funds to fight the COVID-19 pandemic.

By Catholic News Service

Declare a jubilee: Pandemic is time to forgive debts, cardinal suggests

Apr 1, 2020

“Could the coronavirus-19 crisis lead to a jubilee?” Filipino Cardinal Luis Antonio Tagle wondered out loud during a Mass livestreamed from the Pontifical Philippine College in Rome.

By Cindy Wooden

Pope Francis says international debt can’t be paid at ‘price of unbearable sacrifices’

Feb 5, 2020

Speaking at a summit in Rome of some of the world’s most powerful financial officials, Pope Francis said the fact that five million children under five will die this year due to extreme poverty is something that should motivate the world to act.

By Inés San Martín