Vatican diplomat calls for debt restructuring and forgiveness for poor nations
April 26, 2024
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CWN Editor's Note: Archbishop Gabriele Caccia, apostolic nuncio and Permanent Observer of the Holy See to the United Nations, said that a “significant shift in the approach to debt is necessary to promote integral human development, social inclusion, and equity.”
FfD4, an upcoming forum on global finance, is “an opportune moment to implement new forms of solidarity in the actions to reverse growing economic imbalances,” Archbishop Caccia said at an April 24 UN meeting. “Through debt forgiveness and debt restructuring, developing countries are released from unsustainable debt, enabling them to make critical investments in healthcare, education, job creation, and social protection.”
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