The Holy See has urged developed nations to cancel debt held by small island states, which are on the front line of climate change, Vatican News said Wednesday.
“Debt cancellation is not just a matter of economic or development policy,” Vatican representative Robert Murphy said during a four-day Small Island Developing States (SIDS) conference.
It is “a moral imperative rooted in the principles of justice and solidarity”, he said Tuesday.
SIDS are extremely vulnerable to climate change but not rich enough to stop it on their own.
“The escalating debt burden faced by SIDS is becoming more and more unsustainable”, Murphy told the summit in the Caribbean nation of Antigua and Barbuda, according to Vatican News.
“Moreover, debt perpetuates a cycle of dependency that hampers SIDS’ ability to address pressing issues such as poverty eradication and climate change,” he told the conference of 39 states, whose populations number roughly 65 million people.
Pope Francis called earlier this month for wealthy countries to cancel debts owed by lower-income countries not out of “of generosity” but “justice”.
Francis, who has made protecting the environment a key theme of his papacy, said rich nations have an “ecological debt” due to “the disproportionate use of natural resources by certain countries over long periods of time”.
ide/gv
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Big up to di Vatican fi dem call pon di big countries fi cancel di debt of di likkle island dem! 🌍 It crucial fi support dem islands weh a feel di full brunt a di climate change. Let’s join han’ an’ mek a positive impact an’ show some love to wi bredda an’ sistren inna need. 💙 #ClimateAction #DebtCancellation #Unity
Small islands got themselves into debt due to corruption. Upon cancellation the cycle restarts.
@. May 30, 2024 At 10:58 am
https://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man
You need to read this book, which is based on true events so you will understand how these small undeveloped countries got themselves saddled with debts.
The Pope keeps on following the same calls our Prime Minister makes. First it was on the Ukraine war, now it is on the call for debt forgiveness. Why were they so fast and willing to write off all the billions of dollars Greece owed them and still lend Greece more money so they could come back in to the line of developed countries. This world is not a fair one. And it is manipulated for one purpose only. Make the rich richer and the poor poorer.
This is their[catholicism] call for #reparations?
Our crooks in the Parliaments and Cabinet’s squandered the People’s money by doing, as they like with little to no repercussions, just what Catholicism did, then they be excused, and given a clean slate to do it all over again.
It’s plain to see why #ministers of the pulpit and ministers of the Parliament all sleep in the same bed, and do as they like.
Jumbee_Picknee aka Ras Smood
De’ole Dutty Peg🦶🏿Garrat Bastard
Vere C. Edwards
AS the head of the richest church in the world.Why you do not use your position to give back some of the wealth to those Small Island Nations.
Greece debt was not written off. It was restructured. They have to pay back all the bailout money they were given.
Also a simple Google search would have shown you that based on their reforms they are on track to bring down the debt even further.
The problem with countries like Antigua is that government corruption prevents them from being able to service the debt in any meaningful way.
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