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Pope’s death, US aid cuts complicate Vatican’s debt relief push

  • Topics on: Financial Policy, Foreign Policy, Global Financial Regulation
  • The State
The death of Pope Francis and global aid cuts led by the United States could complicate the work of a group of experts assembled by the Vatican to bring debt relief and a fairer financing system to the world's poor.

Joseph StiglitzJoseph Stiglitz

Vatican Photo Image
  • 05/01/2025
  • Reuters
Overview

Developing countries are already grappling with shrinking concessional financing and difficulty accessing bond markets due to the selloff triggered by U.S. President Donald Trump’s sweeping tariffs.

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