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) < > Vietnamese Officials Accused of Assaulting Servers in New Zealand 13 minutes ago Fin Whale Meat Is Auctioned Once Again in Japan 2 hours, 1 minute ago For World's Biggest Opium Producer, a Decline 2 hours, 31 minutes ago Studies Suggest Some Early Breast Cancer Surgeries Unnecessary 3 hours, 59 minutes ago OPCW Holds Emergency Meeting on Syria's Chemical Weapons 4 hours, 5 minutes ago Former FBI Informant to Plead Guilty for Fake Claims 4 hours, 15 minutes ago Mystery Illness in Congo May Be Malaria 11 hours, 22 minutes ago Lake Placid Named Backup for 2026 Olympic Sliding Events 11 hours, 52 minutes ago NBA Youngboy Gets Nearly 2 Years for Gun Charges 12 hours, 22 minutes ago Mistrial Declared in 2022 Killing of Ole Miss Student 12 hours, 52 minutes ago East Coast Braces for Atmospheric River, Bomb Cyclone Dec 11, 2024 1:45 AM CST Anthony Weiner Eyes New York City Council Return Dec 11, 2024 1:15 AM CST Sydney Car Torched, Tagged With Anti-Israel Slogans Dec 11, 2024 12:45 AM CST Bengals QB's Home Burglarized During Monday Night Football Dec 11, 2024 12:15 AM CST Dengue Fever Surge Hits Record Levels in Americas Dec 10, 2024 2:42 PM CST Man Charged for Flag Burning During DC Protests Dec 10, 2024 2:07 PM CST Alaska Airlines Announces New International Routes Dec 10, 2024 2:05 PM CST Ryne Sandberg's Cancer Returns, Spreads Beyond Prostate Dec 10, 2024 2:00 PM CST Report an error