Photo from South African President Cyril Ramaphosa’s first meeting of the G20 Finance Ministers and Central Governors in Cape Town on February 26, 2025. [Photo:GCIS]
Join Jubilee Call to Turn Debt into Hope
The leaders of the three Maryknoll entities joined 120 global faith leaders in a letter delivered on February 26 to the G20 meeting of finance ministers and central bankers in Cape Town, South Africa. The letter called on the participants to champion a debt relief framework for the 3.3 billion people – nearly half the global population – who live in countries that spend more on debt payments than on life-saving health, education, or climate measures.
Pope Francis has declared a focus of this Jubilee year to be debt cancellation for impoverished nations in the face of a global debt crisis that most affects “countries of the south of the world, generating misery and anguish, and depriving millions of people of the possibility of a dignified future.”
In the summary of their meeting in South Africa, the finance ministers from the G20 countries acknowledged the need for improvements in the IMF’s Common Framework for Debt Treatments. This is a positive first step, but work remains to make sure that they follow through.
What can you do today? Share the good news about a faith leaders’ letter and sign the Turn Debt into Hope petition!
Please join Pope Francis in his call to turn debt into hope by signing the petition to stop the debt crisis now. The petition includes a link to download prayer, study, action resources, including a social media toolkit, in three languages.
Stay tuned for other ways in which you can be a Pilgrim of Hope throughout Jubilee 2025!