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) < > Magnus Carlsen Auctions Controversial Jeans for Charity Feb 21, 2025 2:07 PM CST Supreme Court Allows Alabamians to Sue Over Unemployment Claims Feb 21, 2025 12:09 PM CST US Home Sales Dip Amid Surge in Rates, Prices Feb 21, 2025 8:03 AM CST City's Entire Police Force Suspended Amid Corruption Allegations Feb 21, 2025 2:15 AM CST Train Kills 6 Elephants Near Sri Lanka Sanctuary Feb 21, 2025 1:45 AM CST Trump Hosts Black History Month Event Amid DEI Controversy Feb 21, 2025 1:15 AM CST As Pope Francis Recovers, Cardinals Address Possibility of Resignation Feb 21, 2025 12:45 AM CST Musk-Backed Group Funnels $1.6M Into Key Court Race Feb 21, 2025 12:15 AM CST Bolsonaro Seeks Amnesty Amid Coup Plot Charges Feb 20, 2025 11:32 AM CST In Virginia, North Carolina, Snow Wreaks Havoc Feb 20, 2025 11:29 AM CST New York Sues E-Cigarette Distributors Feb 20, 2025 10:04 AM CST David Boren, Former Oklahoma Governor, Dies at 83 Feb 20, 2025 9:03 AM CST Kilauea Volcano Erupts Again on Hawaii's Big Island Feb 20, 2025 8:44 AM CST Teen Arrested After Fatal Stabbing in Czech Mall Feb 20, 2025 8:00 AM CST Melania Trump Gains Popularity Among Chinese Women Feb 20, 2025 2:15 AM CST Judge Orders Newspaper to Remove Critical Editorial Feb 20, 2025 1:45 AM CST California Judge on Trial for Fatally Shooting Wife Feb 20, 2025 1:15 AM CST Chinese Warships Monitored by Australia and New Zealand Feb 20, 2025 12:45 AM CST Report an error