The world’s ‘developing states’ – primarily nations in the global South – should have their debt written off, according to an economic report commissioned by the Vatican. The Jubilee Report also recommends the restructuring of the global economic system to enable countries experiencing emergencies to access commonly held assets interest- and policy condition-free to stabilise their economies at difficult moments. The Vatican made the call to the UN on Monday (30 June 2025) at the Fourth International Conference on Financing for Development, following its publication of the report just over a week earlier. It was commissioned by Pope Francis, as...