What is the justice issue of debt?

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"When we talk about debt, there are many important justice issues to be considered. First, there is the justice of acquiring the debt -- how fairly was it negotiated, who participated in the decision-making, who really benefitted from the loans?  Second, there is the justice of repaying the debt -- how fair are the interest rates, where does the money come from for servicing the debt?"

Read more at the Jesuit Centre for Theological Reflection.

 

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Corruption is a big problem in some places - but funds from debt cancellation do make a difference- Jubilee Debt Campaign.