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 ...

Faith-based organizations are commending a new pastoral letter from the Canadian Conference of Catholic Bishops (CCCB) pressing the Global North to wipe out low-income countries' crippling debt and ...

According to data maintained by the U.N., global public debt reached $97 trillion in 2023, an increase of $5.6 trillion compared with 2022. The document reports that more than 50 developing ...

In the spirit of this year of Jubilee, the Canadian bishops have called on the Canadian government and private creditors to forgive the debts of debtor nations, particularly those of the Global South.

Describing the current debt crisis as a “profound failure of our global economic system,” Caccia expressed hope for a “renewed vision of multilateralism” at the United Nations’ upcoming ...