Here's the first 2025 Jubilee report(, link and synthesis in the selftext)

Here : https://cepr.net/publications/jubilee-report-2025

An a.i. synthesis(, sry for not doing it myself, i realize that these bullet points lack clarity) :

Context & Diagnosis

• The developing world faces a triple crisis :
  • Unsustainable public debt burdens
  • Underdevelopment and poverty
  • Disproportionate impacts of climate change

The global financial architecture is biased toward the Global North, rewarding capital holders while penalizing vulnerable nations.
Developing countries are defaulting on their people and future, not just on creditors.

Root Problems Identified :

• Procyclical capital flows destabilize poor countries : money floods in during booms, then flees during crises.
• Private creditors and international financial institutions have enabled unsustainable and extractive lending, yet avoid consequences.
• Debt restructurings are slow, shallow, and unfair, often dictated by powerful creditors.
• Lack of a sovereign bankruptcy mechanism leads to repeated crises.
• Vulture funds exploit legal systems to sue poor countries for full repayment.
• Blended finance and public-private partnerships often privatize profits and socialize risks.

• 3.3 billion people live in countries spending more on interest payments than on health.
• 2.1 billion live in countries spending more on debt than on education.
• In Africa, 57% of the population lives in countries spending more on debt than on health or education.
• In 2023, $30 billion was transferred from poor countries to private creditors in the Global North.
• Since 2013, public debt in Africa has been growing faster than GDP.
• Only 8% of global blended finance since 2015 has gone to low-income countries.
• more here

Seven Key Principles Proposed :

• No net financial transfers from debt-distressed countries to creditors.
• End IMF and multilateral development banks bailouts of private or bilateral creditors.
• Ensure shared responsibility between borrowers and lenders.
• Require timely and sufficient restructurings to restore sustainability.
• Prioritize economic growth over austerity.
• Make credit quality(, long-term, countercyclical, development-aligned,) a global priority.
• Redesign Debt Sustainability Analyses to include climate vulnerability and social impacts.

Recommended Actions :

• Launch a new HIPC II initiative to cancel unsustainable debt, including private creditors.
• Create a Jubilee Fund for distressed-debt buybacks using discounted bond prices.
• Expand Special Drawing Rights and make their distribution more equitable.
• Reform IMF interest and surcharge policies.
• Establish an international sovereign debt resolution mechanism (bankruptcy court or UN-backed mediation).
• Create global climate and commodity stabilization funds.
• Introduce capital account regulations to reduce volatile capital flow exposure.
• Mandate greater transparency and oversight in public borrowing and lending practices.

« Inequality is the root of social ills. » — Pope Francis, Evangelii Gaudium §202
« We must rethink the whole economic system to guarantee the dignity of the human person and the common good. » — Fratelli Tutti §168

There's a timeline here : https://www.jubileeusa.org/jubilee_2025_hub