20
Dec
2024
Jubilee 2025: The new global debt crisis and its solutions
A new CAFOD report outlines why, following the historic success of the Jubilee 2000 debt campaign, the world once again faces an acute global debt crisis in 2025.
CAFOD produces policy and research papers looking at how the global economy can work to ensure it does not deepen poverty, inequality and environmental degradation.
Even before the Covid-19 pandemic countries in the global south were not spending enough on areas such as health. Limited access to the vaccine will deepen the economic disruption and push more countries into debt crises.
Key areas of work
Through research and campaigning, CAFOD is pressuring the UK government to:
Push for debt payments to be cancelled.
Pressure private banks, asset managers and hedge fund to participate in debt relief and restructuring initiatives.
Use new finance through mechanisms such as IMF Special Drawing Rights to support institutions that will tackle the pandemic and climate change.
Pope Francis has called for us to rethink the global economy work to ensure it does not deepen poverty, inequality and environmental degradation.
CAFOD is calling for the creation of decent and green jobs: work designed in a way that gives a decent livelihood to the worker, while protecting and restoring our common home.
Through our country programmes CAFOD is committed to working with the poorest and most disadvantaged communities to support enterprise development.
Key documents
27
May
2021
Using the UK's Special Drawing Rights (SDRs) to tackle Covid-19 and climate change
This discussion paper argues that the UK should use an increase to overall reserves to rapidly scale up access to Covid vaccines for the poorest countries and to tackle the global climate and biodiversity crisis.
14
Oct
2020
Under the radar: Private sector debt and coronavirus in developing countries
This briefing aims to shine a light on the debt owed to private creditors by five African countries - Ghana, Kenya, Nigeria, Senegal and Zambia - and outlines the steps which the G20 needs to take immediately to avert further economic chaos.
21
Aug
2020
CDC leadership in a just and green recovery
As countries seek to recover from Covid-19, their economies need to be greened at pace. In this discussion paper we put forward proposals which would enable CDC to increase its ability to meet the challenge of accelerating a just, green recovery.
09
Jan
2019
How to achieve decent green jobs?
We are out of time for treating human and environmental needs as two separate and competing priorities. It is time to create decent and green jobs: work designed in a way that gives a decent livelihood to the worker, while counteracting environmental degradation and climate change. Designed in the right way, they can even be transformational: creating a ripple effect of positive change in the social, economic and environmental spheres.
25
Oct
2017
New pathways out of poverty in Africa: The promise of sustainable and inclusive agricultural transformation
In this joint report CAFOD and Christian Aid show why agricultural transformation is fundamental to a permanent end to hunger and poverty in Africa.
18
Oct
2013
Thinking small
CAFOD's 'think small' work explores the ways in which small businesses can be supported and empowered.
Policy and research
CAFOD's policy team provides briefings, reports and research on our advocacy and lobbying work, plus materials to support our campaigns.
The New Debt Crisis
For the Year of Jubilee in 2025, people across the world are uniting in solidarity to demand action on the global debt crisis.