Credit: Rome Reports
The Pontifical Academy of Social Sciences gathered top academic experts, economic leaders and religious leaders on 5 June to address the concerning debt crisis in the global south.
Those gathered for this event had an audience with Pope Francis, where he spoke of the consequences of mismanaged globalisation.
In order to try to break the debt-financing cycle, it is necessary to create a multinational mechanism, based on the solidarity and harmony of peoples, that takes into account the global nature of the problem and its economic, financial and social implications, he explained.
According to Development Finance International, an organisation that helps developing countries with their finances, c…
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