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) < > Holocaust Survivor Tells His Story as Often as He Can Jan 25, 2025 12:09 PM CST Amid Economic Crisis, Cuba Opens Luxury Hotel Jan 25, 2025 9:19 AM CST To Combat Pollution, Bangkok Offers Free Public Transport Jan 25, 2025 8:41 AM CST Reigning Aussie Open Champ Sabalenka Throws Racket After Upset Jan 25, 2025 8:00 AM CST Ryan Reynolds' Wrexham's European Dreams Dashed Jan 24, 2025 11:49 AM CST Feds Strip DEI Websites After Trump's Order Jan 24, 2025 11:00 AM CST Trailblazing French Female Aviator, Doctor, Officer Dies at 102 Jan 24, 2025 10:00 AM CST Driver Rams Car Into Serbian Protesters Amid Demonstrations Jan 24, 2025 8:00 AM CST Figure Skater Alysa Liu Has Triumphant Return at US Nationals Jan 24, 2025 2:30 AM CST Canadian Freighter Stuck in Lake Erie Ice Jan 24, 2025 1:45 AM CST SZA Joining Kendrick Lamar for Super Bowl Halftime Show Jan 24, 2025 1:15 AM CST Dutch Return Centuries-Old Artifacts to Indonesia Jan 24, 2025 12:45 AM CST Bling Empire: New York Star Dead at 51 After Skiing Accident Jan 24, 2025 12:15 AM CST Louisiana's Ten Commandments Law Faces Court Battle Jan 23, 2025 8:44 PM CST Pentagon Deploys 1,500 Troops to US-Mexico Border Jan 23, 2025 1:11 PM CST Keys Stuns Swiatek to Reach Australian Open Final Jan 23, 2025 1:02 PM CST RFK Jr.'s Anti-Vaccine Work Made Him $10M in Last Year Jan 23, 2025 12:31 PM CST Thailand Celebrates Landmark Day for Same-Sex Marriage Jan 23, 2025 10:50 AM CST Report an error