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) < > Watchdog Accuses Kennedy of Voter Fraud Jan 10, 2025 11:20 AM CST WWE Monday Night RAW Debut Thrills on Netflix Jan 10, 2025 3:00 AM CST Wisconsin Triple Murder Suspect Arrested After Manhunt Jan 10, 2025 2:30 AM CST Chad Presidential Palace Assault Leaves 19 Dead Jan 10, 2025 2:00 AM CST Justice Department Sues Landlords Over Rent-Fixing Scheme Jan 9, 2025 10:11 AM CST Iodine Deficiency in Kids Makes Unsettling Return Jan 9, 2025 10:10 AM CST Ex-FBI Informant Who Made False Claims About Bidens to Be Sentenced Jan 9, 2025 1:45 AM CST SEIU Rejoins AFL-CIO After 20-Year Hiatus Jan 9, 2025 1:15 AM CST Trump Sets Fundraising Record With $170M Inaugural Haul Jan 9, 2025 12:45 AM CST Teen Arrested With Gun at Georgia School Months After Mass Shooting Jan 9, 2025 12:15 AM CST Report an error