18 November 2012

Debt Forgiveness Initiatives

U2 singer Bono recently went to the Vatican to thank the Church for its support of the Jubilee 2000 campaign that was initiated to free the poorest countries from their burden of foreign debts.

Media reports:

Catholic News Agency: Bono thanks Vatican for helping with debt forgiveness (16 NOV 12)

Vatican Radio: Rock star Bono back in the Vatican (16 NOV 12)

On a related note, there are other outreach efforts striving to eliminate debt, particularly in areas hard-hit by the recent recession. One such example is Strike Debt, which was formed by a number of participant in the Occupy movement. Strike Debt’s Rolling Jubilee initiative id designed to intervene by buying debt to keep it out of the hands of collectors and then abolishing it.

For additional information about this initiative, please visit:

Strike Debt: Rolling Jubilee

Related initiatives:

Jubilee USA Network

Jubilee Debt Campaign

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