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The Jubilee Report: A Blueprint for Tackling the Debt and Development Crises and Creating the Financial Foundations for a Sustainable People-Centered Global Economy

06/20/2025
Policy Brief
The Pontifical Academy of Social Sciences
Debt and Global Finance

On June 20, 2025 the Pontifical Academy of Social Sciences (PASS) and Columbia University’s Initiative for Policy Dialogue (IPD) published a report by a commission of global experts calling for urgent action and systemic reforms to tackle the escalating debt and development crises.

The full launch event is available to watch here: Morning Session and Afternoon Session

Report Overview

Chaired by Professor Joseph E. Stiglitz, the Jubilee Commission brought together global experts in debt, development, and the global financial system to address the current crises, prevent future crises, and promote sustainable development. Their report — “A Blueprint for Tackling the Debt and Development Crises and Creating the Financial Foundations for a Sustainable People-Centered Global Economy” provides both an assessment of the current situation and a blueprint for reforming the international financial architecture to enable countries to achieve sustainable debt levels and scale up investment in healthcare, education, clean energy, and climate adaptation. (Originally announced through the Jubilee Commission Conference held on February 21, 2025).

Download the Full Report Here (English) >>

Download the Full Press Release Here (English) >>

To download the Jubilee Report and Press Release in different language translations (Spanish, French, Italian, Portuguese), please navigate below:

Press Release (English)

Vatican-backed report by prominent economists calls for urgent action and systemic reforms in Jubilee year 2025 to address the global debt and development crises of our time.

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Press Release (French)

Un rapport d’éminents économistes, appuyé par le Vatican, appelle à une action urgente et à des réformes systémiques au cours de l’année du Jubilé 2025 pour faire face à la dette mondiale et aux crises de développement de notre époque.

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Press Release (Italian)

Un rapporto redatto da un gruppo di eminenti economisti e sostenuto dal Vaticano lancia un appello, in occasione del Giubileo 2025, per azioni urgenti e riforme sistemiche per affrontare le crisi globali del debito e dello sviluppo del nostro tempo.

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Press Release (Spanish)

Un informe respaldado por el Vaticano y elaborado por reconocidos economistas pide medidas urgentes y reformas sistémicas durante el Año Jubilar de 2025 para hacer frente a las crisis mundiales de deuda y desarrollo

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Jubilee Report (English)

A Blueprint for Tackling the Debt and Development Crises and Creating the Financial Foundations for a Sustainable People-Centered Global Economy

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Jubilee Report (Portuguese)

Um Plano para Enfrentar as Crises da Dívida e do Desenvolvimento e Criar as Bases Financeiras para uma Economia Global Sustentável e Centrada nas Pessoas

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Jubilee Report (French)

Un Plan d’Action pour Faire Face aux Crises de la Dette et du Développement et Créer les Fondements Financiers d’une Économie Mondiale Durable Centrée sur l’Humain

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