Pope Calls For Debt Cancellations In “Jubilee” Speech

Reuters reports:

A Catholic Holy Year, also known as a Jubilee, is considered a time of peace, forgiveness and pardon. They normally occur every 25 years. Pilgrims coming to Rome during the year can obtain special indulgences, or remission of their sins. This Jubilee will run through Jan. 6, 2026.

“The Jubilee calls us to spiritual renewal and commits us to the transformation of our world,” said the pontiff. “A time of jubilee for the poorer countries burdened beneath unfair debts; a time of jubilee for all those who are in bondage to forms of slavery old and new.”

A call for direct debt cancellation made by the late Pope John Paul II during the Jubilee year in 2000 sparked a campaign that resulted in $130 billion of debt cancellation

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