World / Vatican Pope Francis Urges Debt Cancelation for 2025 Jubilee Pope calls for global economic justice and new financial framework By Newser.AI Read our AI policy Posted Dec 12, 2024 10:10 AM CST Copied Pope Francis attends his weekly general audience in the Paul VI Hall, at the Vatican, Wednesday, Dec. 11, 2024. (AP Photo/Alessandra Tarantino) Pope Francis has issued an urgent appeal to wealthier nations to drastically reduce or eliminate poorer countries' debts, framing it as a question of justice. As the Vatican's 2025 Jubilee Year approaches, the Pope emphasized the need to prevent debt from "threatening the future of many nations." He urged for the establishment of a new financial structure to ensure that solutions extend beyond "an isolated act of charity" and do not perpetuate cycles of debt. The pontiff cited St. John Paul II's warnings from the Jubilee Year 2000 and advocated for a framework driven by "solidarity and harmony between people." The Argentine pope has consistently advocated for debt relief, particularly benefiting the less affluent regions in the southern hemisphere. The 2025 Jubilee Year, a ceremonial event occurring every 25 years, will commence on Christmas Eve with the opening of the Holy Door at St. Peter's Basilica. It is set to attract approximately 32 million pilgrims to Rome. (This story was generated by Newser's AI chatbot. Source: the AP) < > Woman Who Helped Sink Trudeau Enters Race to Lead Canada Jan 17, 2025 2:08 PM CST Kemp Proposes Medicaid Changes for Low-Income Families Jan 17, 2025 9:32 AM CST Canada Considers US Submarine Purchase Amid Trade Tensions Jan 17, 2025 7:54 AM CST NOLA Clears Homeless Encampments Ahead of Super Bowl Jan 17, 2025 6:52 AM CST Trump Enlists NJ Congressman to Halt Offshore Wind Jan 17, 2025 6:23 AM CST Rare 1904 Olympic Gold Medal Goes Up for Auction Jan 17, 2025 1:45 AM CST Ohtani Donates $500K to Aid in Wildfire Relief Jan 17, 2025 1:15 AM CST Nintendo Unveils Switch 2 Jan 17, 2025 12:45 AM CST China Faces 3rd Year of Population Decline Jan 17, 2025 12:15 AM CST Lorne Michaels Donates Career Archive to University of Texas Jan 16, 2025 1:08 PM CST South Carolina Unveils $1.8B Accounting Oversight Jan 16, 2025 1:45 AM CST Texas Deputy Shot Serving Warrant Jan 16, 2025 1:15 AM CST Cuba Begins Prisoner Release After Vatican-Brokered Deal Jan 16, 2025 12:15 AM CST West Virginia Governor Enacts Vaccine Policy Change Jan 15, 2025 10:33 AM CST Tiger Woods Debuts in TGL With Enthusiastic Flair Jan 15, 2025 8:43 AM CST Report an error