Pope Francis, Bishop of Rome, head of the Catholic Church and sovereign of the Vatican City State, has urged world financial ministers and leading economists to support an international mechanism to address the foreign debt crisis in the global south.
The Pope also lamented that a “poorly managed globalisation” has deprived millions of people of a “dignified future.”
Pope Francis made the remarks during the “Addressing the Debt Crisis in the Global South” conference, which was jointly organised by the Pontifical Academy of Social Sciences and Columbia University New York’s Initiative for Policy Dialogue (IDP). At least 50 finance ministers, economists, and heads of international development agencies attended the event.
