Pope Francis urged wealthy nations to substantially reduce or cancel debt as part of justice for the 2025 Jubilee Year. Citing St. John Paul II, he emphasized the need for a new financial framework centered on solidarity,

Pope Francis called on Thursday for new international agreements to reduce the debt burden faced by low-income countries and shift spending from arms and military equipment to the eradication of global hunger.

Pope Francis called for debt relief for the poor countries of the South of the globe and the universal abolition of the death penalty in his message for World Peace Day 2025, which takes place on January 1.