Pope Francis is fallible when it comes to economics
Providing debt relief for poor countries may be a moral imperative, but financially it just isn’t having much effect
09 February 2020 - 07:16
According to the Catholic Church, the Pope is infallible when he teaches on matters of faith or morals. When he talks about economics, however, he appears to make mistakes — just like the rest of us.
This week, Pope Francis addressed an audience at a conference in the Vatican, including the International Monetary Fund’s (IMF) chief, Kristalina Georgieva, and several finance ministers. He called on the rich world to help developing countries achieve debt sustainability through measures such as debt restructuring. “You have to remember your responsibility to aid the poorest countries,” he said...
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