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 1999Spanish: Un Llamado Jubilar para cancelar las deudas
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 - Letters to Senate on 2005 Supplemental Appropriations
Bishop John Ricard, Bishop Gerald Barnes, & Ken Hackett, April 1, 2005 - Letter to Stephen Hadley on Debt Cancellation for HIPCs
Bishop John H. Ricard, February 1, 2005 - Letter to Secretary 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 Cancellation Proposal
Bishop John H. Ricard, June 18, 2004 - Statement on Debt Relief for Poor Countries
Bishop John H. Ricard, June 18, 2004 - Letter to The House and The Senate Asking to Adopt a New Direction for County's Foreign Assistance Program
Bernard Cardinal Law, June 26, 2002 - 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
Bernard Cardinal Law, July 31, 2001 - Letter to the Senate Appropriations Committee
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 - Note on Enhanced HIPC Debt Reduction to Secretary O'Neil
Office of International Justice and Peace, June 5, 2001 - Note on Enhanced HIPC Debt Reduction
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
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