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) < > Bling Empire: New York Star Dead at 51 After Skiing Accident 17 hours, 2 minutes ago Waitress Who Jumped From Burning Hotel Becomes 78th Victim Jan 23, 2025 8:17 AM CST Family Outraged as Biden Commutes Convicted Murderer's Sentence Jan 23, 2025 2:15 AM CST Amazon to Close All Quebec Warehouses Jan 22, 2025 9:49 PM CST Ryan Reynolds' Wrexham's European Dreams Dashed 5 hours, 27 minutes ago RFK Jr.'s Anti-Vaccine Work Made Him $10M in Last Year Jan 23, 2025 12:31 PM CST Canadian Freighter Stuck in Lake Erie Ice 15 hours, 32 minutes ago Louisiana's Ten Commandments Law Faces Court Battle Jan 23, 2025 8:44 PM CST Dutch Return Centuries-Old Artifacts to Indonesia 16 hours, 32 minutes ago Trailblazing French Female Aviator, Doctor, Officer Dies at 102 7 hours, 17 minutes ago Figure Skater Alysa Liu Has Triumphant Return at US Nationals 14 hours, 47 minutes ago Pentagon Deploys 1,500 Troops to US-Mexico Border Jan 23, 2025 1:11 PM CST SZA Joining Kendrick Lamar for Super Bowl Halftime Show 16 hours, 2 minutes ago Feds Strip DEI Websites After Trump's Order 6 hours, 17 minutes ago Over 550 Migrants Reach Canary Islands in 2 Days Jan 23, 2025 10:34 AM CST Driver Rams Car Into Serbian Protesters Amid Demonstrations 9 hours, 17 minutes ago Oscar Nominees: Box Office Hits and Misses Revealed Jan 23, 2025 10:44 AM CST 240 Hungarian Schools Targeted by Bomb Threats Jan 23, 2025 9:25 AM CST Report an error