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		</div><p>Pope Francis has called on wealthy countries and institutions to substantially reduce, if not outright cancel, debt as a matter of justice on the occasion of the Vatican’s 2025 Jubilee Year.</p>
<p>In a message for world peace, Francis referred to St John Paul II’s admonition in Jubilee Year 2000 that debt “threatens the future of many nations”.</p>
<p>He noted that many countries “are in no condition to repay the amount they owe”, and called for a new financial framework “lest this prove merely an isolated act of charity that simply reboots the vicious cycle of financing and indebtedness”.</p>
<p>A new framework should be based on “solidarity and harmony between people”, said the Argentine-born pope, who has repeatedly called for debt relief for the poorer southern hemisphere.</p>
<p>The pope has underlined the jubilee year as an opportunity to cancel debt.</p>
<p>The event formally begins on Christmas Eve, when Francis opens the Holy Door of St Peter’s Basilica. It is expected to bring some 32 million pilgrims to Rome.aa</p>
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