G7. Caritas International: write off the debts of poor countries

Catherine Aurelius – Vatican City

In the future, after the epidemic, the debts of poor countries must be erased – that is Caritas International Appeal To the seven most economically powerful countries in the world, the G7 – the United Kingdom, the United States, Canada, France, Germany, Italy and Japan – at the Cornwall Summit in the United Kingdom, which began on June 11.

Caritas International Secretary-General, Aloysius John, wrote in the appeal that it is impossible to build a better future after the coronavirus pandemic without canceling the debts of poor countries and reinvesting these funds in pandemic, recovery and climate solutions. crisis.

“Covid-19 puts the astonishing social injustice of today’s world under a magnifying glass” – asserts Aloysius John – “The only way to rebuild the future must be through the elimination of such injustices.”

cancel debt payments

“The G7 countries must lead the way in post-19 COVID-19 recovery measures, to help those hardest hit by the pandemic and support a fair and green recovery. The first step is to ensure that all debt payments, including those owed to private creditors, are cancelled. This is the fastest way to get financial resources where they are needed most,” he emphasizes.