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Debt Relief

 

"While the details of the international debt crisis are quite complex, in essence it comes down to a fairly straightforward problem. Often through irresponsible practices on the parts of both creditors and debtor nations, the governments of some of the world's poorest countries have taken (and been given) loans that they do not have the capacity to repay. As a result, they have reduced spending on desperately needed health and education programs in an effort to meet their obligations to international lenders. But even after cutting back on social programs, many countries cannot make full repayment, and so over time debt builds up and makes it increasingly difficult to finance investments in the health, education, and development programs that could pull their people out of poverty." -- Pope John Paul II


WHAT'S NEW?

Letter to Senate on Cuts in Poverty-Focused International Assistance
Bishop Howard J. Hubbard and Ken Hackett, February 22, 2011

Foundational Statement:

A Jubilee Call for Debt Forgiveness
A statement of the USCCB Administrative Board, April 1999

Spanish: Un Llamado Jubilar para cancelar las deudas


A Parish Strategy on the International Debt Crisis
 
Quotes from Church documents about the international debt crisis
 
What Does the Church Say About Debt and Jubilee
 
What is the International Debt Crisis
 
Who is Affected by International Debt?
 

ADDITIONAL DOCUMENTS, LETTERS, & STATEMENTS

Letter to Senate on Cuts in Poverty-Focused International Assistance
Bishop Howard J. Hubbard and Ken Hackett, February 22, 2011

Letter to House on Cuts in Poverty-Focused International Assistance
Bishop Howard J. Hubbard and Ken Hackett, February 14, 2011

Urge Senators to Support the Jubilee Act to Relieve the Debt of Poor Countries!
July 15, 2008

Letter to House on Jubilee Debt Relief Act
Bishop Thomas Wenski, April 9, 2008

Background on Debt Relief
February 2008

Letter to Representatives Maxine Waters and Spencer Bachus on Jubilee Act
Bishop Thomas G. Wenski, June 20, 2007

Letter to Senator Frist Urging Support of Multilateral Debt Relief Act
Bishop John H. Ricard, September 15, 2005

Letter to Congress on Multilateral Debt Relief Act
Bishop John Ricard, July 18, 2005

Statement Reacting to G8 Summit
Bishop John Ricard, July 11, 2005

Analysis of Agreement on HIPC Debt Cancellation
July 7, 2005

Statement on Debt Cancellation Proposal by G8 Leaders
Bishop John H. Ricard, June 14, 2005

Letters to Senate on 2005 Supplemental Appropriations
Bishop John Ricard, Bishop Gerald Barnes, & Ken Hackett, April 1, 2005

Letter to National Security Advisor Hadley on Debt Cancellation for Heavily Indebted Poor Countries (HIPCs)
Bishop John H. Ricard, February 1, 2005

Letter to Secretary of the Treasury Snow on Debt Cancellation for HIPCs
Bishop John H. Ricard, January 27, 2005

Letter to Secretary of the Treasury on Debt Relief
Bishop John H. Ricard, September 20, 2004

Statement on Debt Relief for Poor Countries
Bishop John H. Ricard, June 8, 2004

Testimony on 2003 Foreign Assistance
United States Conference of Catholic Bishops and Catholic Relief Services, May 9, 2002

Letter to Senator Santorum on Debt Relief Enhancement Act of 2002
April 18, 2002

Letter to the Senate Foreign Relations Committee on Global Issues
Bernard Cardinal Law, July 31, 2001

Letter to the Senate Appropriations Committee on International Assistance
Bernard Cardinal Law, July 25, 2001

Statement on the President's Initiative on Global Poverty Alleviation and Increase in World Bank Grant to Poorest Countries
Cardinal Bernard Law, July 19, 2001

Letter to The House and The Senate Asking to Adopt a New Direction for County's Foreign Assistance Program
Bernard Cardinal Law, June 26, 2001

Letter to Treasury Secretary O'Neill on Enhanced HIPC Debt Reduction
Bernard Cardinal Law, June 5, 2001

Statement on Enhanced Debt Reduction for Highly Indebted Poor Countries
Office of International Justice and Peace, U.S. Catholic Conference, June 4, 2001

Written Testimony on 2002 Foreign Assistance
March 28, 2001

Oral Testimony
Fr. William Headley, Catholic Relief Services, March 28, 2001

Remarks at the White House Meeting on Debt Relief
Archbishop Theodore McCarrick, October 2, 2000

Washington Post Editorial: Forgiving Debts of the Poor
Bernard Cardinal Law, September 20, 2000

Letters to Senator Nancy Pelossi and Representative Frank R. Wolf on Support of Debt Relief
Bernard Cardinal Law, July 6, 2000

Letter to President Clinton Urging Support of Debt Relief Funding
Bishop Joseph A. Fiorenza, December 16, 1999

Address to Congress on Debt Relief
Bishop John Glynn, November 4, 1999

Statement on President Clinton's Announcement of Debt Relief for Poor Countries
Archbishop Theodore E. McCarrick, October 4, 1999

Statement on President Clinton's Proposal to Reduce the Debt of Poor Countries
Archbishop Theodore E. McCarrick and Bishop John H. Ricard, October 1999

Letter to President Clinton on Debt Relief for the World's Poorest Countries
Bishop Joseph A. Fiorenza, September 13, 1999

Statement on the Cologne Initiative from the G-8 Summit
Archbishop Theodore McCarrick, June 25, 1999

Testimony before House HIPC Review Committee
Fr. J. Bryan Hehir, June 15, 1999

Letter to the House on the Debt Relief for Poverty Reduction Act
Archbishop Theodore E. McCarrick and Bishop John H. Ricard, March 24, 1999

Letter to the World Bank and International Monetary Fund HIPC Review Committee
Archbishop Theodore E. McCarrick and Bishop John H. Ricard, March 16, 1999

Summary of Seton Hall Conference on the Ethical Dimensions of International Debt
October 1998

 



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