Pope Francis has highlighted a global crisis that has been obscured by the inescapable Covid-19 catastrophe but has the potential to lead to comparable human suffering. In a letter on April 8 to the participants in the spring 2021 virtual meeting of the World Bank and the International Monetary Fund, Pope Francis called for “a model of ‘recovery’” from Covid-19 “capable of generating new, more inclusive and sustainable solutions to support the real economy… and the universal common good,” not “a return to an unequal and unsustainable model of economic and social life, where a tiny minority of the world’s population owns half of its wealth.”
Among the steps to that rethinking of recovery, Pope Francis urged world leaders to support a significant reduction in the debt burden of the world’s poorest nations. “Relieving the burden of debt of so many countries and communities today is a profoundly human gesture that can help people to develop, to have access to vaccines, health, education and jobs,” he said.
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