Cancel Debt, Choose Hope

• We are facing an acute global debt crisis.

• 54 countries – from Kenya to Sri Lanka – are facing debt distress.

• Many are forced to spend more on payments to big banks, wealthy nations and global institutions than they spend on health, education or life-saving climate measures.

• Debts are being paid at the expense of hiring doctors and teachers, building schools, hospitals and sewage systems, preparing for floods, or coping with droughts.

• Often, countries have already re-paid their debts once, but due to unscrupulous lenders and extortionate interest rates, they are often left paying for the original debt many times over.

• We need to cancel unfair debts, build better financial systems and implement fairer laws to prevent future debt crises.

• And the time to act is now! 2025 is a Jubilee year, which is when the Bible calls for debt cancellation to restore justice and human dignity.

• This Jubilee year, in a spirit of forgiveness, people across the world are uniting in solidarity to demand action on to the debt crisis.

• Pope Francis said, "More than a question of generosity, this is a matter of justice.“

• Read more at cafod.org.uk/cancelthedebt