President Ramaphosa calls for urgent global action to tackle the rising debt crisis, stressing the need for sustainable financing and political will to support vulnerable nations.

Vatican-backed report calls for global debt relief amid climate crisis. ... Before his death in April, Pope Francis declared 2025 as a Jubilee Year, or a year of hope and forgiveness.

The document 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.

Leaders gathered for the Financing for Development (F4D) conference in Spain faced urgent calls from leading economists and ...

The late Pope Francis had long urged lenders to offer relief to highly indebted nations.

The Pontifical Academy of Social Sciences, marking the Jubilee of Hope, issued a report on debt and development in the world and the need for a sustainable, people-centered global economy June 20.

A commission appointed by the late Pope Francis has released a new report highlighting the urgent need to address global debt, which has hindered sustainable development and climate action.. The ...

Vatican City, Jun 23, 2025 / 15:15 pm. The Vatican has endorsed a report calling for reforms to alleviate the global debt crisis affecting billions of people in developing countries.. The document ...