Excerpt from the Canadian Conference of Catholic Bishops’ Pastoral letter on Debt Forgiveness in the Jubilee Year 2025.

In the spirit of this year of Jubilee, the Canadian bishops have called on the Canadian government and private creditors to forgive the debts of debtor nations, particularly those of the Global South.

A letter sent by Cedric Gomes to London City Hall about London Hydro on May 23, 2024. (Source: Cedric Gomes) “We will in 10 years pay back $200 million.

LONDON — Up to $520 billion in debt needs to be written off to help developing nations at greatest risk of default return to a sounder fiscal footing and meet climate and development goals, according ...

The federal government wrote off or forgave more than $18-billion in debt and other obligations last year, a sharp increase over the $5.7-billion approved the year before. Of the $18-billion, $10. ...

Debt relief and restructuring programs would follow to ensure long-term debt sustainability, a process that would require significant debt cancellation. Using as a benchmark the case of post-war ...

Debt in collections can take a toll on your finances and peace of mind, but you’re not powerless. By verifying the debt, ...

The Group of 20 nations, representing the world’s biggest economies, announced Friday that low-income countries hardest-hit by the fallout of the coronavirus pandemic could potentially get an ...

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Up to $520 billion in debt needs to be written off to help developing nations at greatest risk of default return to a sounder fiscal footing and meet climate and development goals, according to a ...