By Kristine Sabillo 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 ...

In that case, Pope Francis’s successor, Leo XIV, will no doubt be ready to take up the call for widespread debt relief.

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.

The late Pope Francis, a vocal advocate for debt justice, had long urged bilateral lenders to offer relief to highly indebted nations. Last year, he appointed a commission of 30 economists to ...

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.

The report is the work of a commission Pope Francis established in which the pontifical academy worked with Columbia University's Initiative for Policy Dialogue.

The Vatican has endorsed a report calling for reforms to alleviate the global debt crisis affecting billions of people in developing countries. The document, titled “The Jubilee Report: A ...