By Mast Reporter
IT is morally justifiable to demand debt cancellation given the historical and systemic injustices that have contributed to Zambia’s debt crisis, says Zambia Conference of Catholic Bishops ZCCB President Archbishop Ignatius Chama.
Launching the Jubilee Year 2025 Debt Cancellation Campaign, Rev Chama said such actions will not only provide immediate relief but also allow for investment in vital sectors such as education, health care, and sustainable development.
“As we gather here, it is imperative to acknowledge the global launch of the Jubilee Year 2025 by Pope Francis, which calls for a renewed commitment to economic justice and debt forgiveness worldwide. This initiative aligns with our mission, drawing on the Jubilee tradition’s deep historical and religious roots advocating for forgiveness and renewal. As we celebrate this Jubilee Year, we reflect on the scriptural call for mercy, [Leviticus 25:1-8] justice and the renewal of communities. The Jubilee Year, deeply rooted in the biblical tradition, is a time for forgiveness and restoration, not just for individuals but also for societies burdened by unjust debt,” he said.
“We, the Catholic Bishops of Zambia recognize the immense financial burdens that impoverished nations, like Zambia, and their communities face, often exacerbated by systemic issues and global inequalities. As faith leaders, we feel compelled to speak out in favour of debt cancellation as a vital step towards achieving social justice and economic equity. We urge the cancellation of unjust debts that weigh heavily on the shoulders of the most vulnerable populations. Such actions will not only provide immediate relief but also allow for investment in vital sectors such as education, healthcare, and sustainable development. The Holy Father Pope Francis recently emphasised the moral and ethical necessity of addressing global inequalities and relieving debt burdens that stifle the growth and well-being of developing nations. By aligning our campaign with these global efforts and the Pope’s message, we not only share in a worldwide movement but also reinforce the moral urgency of our cause,” Archbishop Chama said.
He said the Jubilee Year Debt Cancellation Campaign, is built on the principles of economic justice, transparency, and accountability.
“Debt cancellation can provide much-needed relief for countries burdened by overwhelming debt obligations, freeing up resources for essential services such as education, healthcare and infrastructure. By alleviating debt pressures, countries can prioritize poverty alleviation initiatives, helping vulnerable populations improve their living conditions. Cancelling debt can enable nations to invest in sustainable development projects that boost economic growth and environmental sustainability,” he said.
“Many argue that debt cancellation is a moral imperative, especially when debts are viewed as unjust or predatory, hindering development rather than supporting it.”
He added that establishing robust systems for transparency and public involvement in debt management is imperative to avoid repeating past mistakes.
“We acknowledge that several nations’ debts including those of our nation were forgiven merely 20 years ago, yet here we find ourselves once again at the precipice, seeking further debt relief. This recurring financial distress underscores not only the enduring inequities within the global financial architecture but also highlights our own shortcomings in managing public resources effectively. The international system often places disproportionate burdens on developing economies through unfavourable loan conditions and trade imbalances. Concurrently, we must confront and rectify our internal issues of fiscal mismanagement and lack of accountability. Establishing robust systems for transparency and public involvement in debt management is imperative to avoid repeating past mistakes and to ensure that relief obtained now leads to lasting economic stability and development,” he said.
“It follows therefore that as we call for renewal and resetting our economies, it is essential to implement rigorous transparency standards in debt management going forward. Even as we advocate for debt cancellation we are also calling for accountability and transparency. Therefore, to qualify for debt cancellation, countries should meet the following conditions centred on accountability and transparency.”
He said government should commit to establishing independent audit bodies or enhance existing ones to evaluate the efficacy and honesty of debt usage.
“Our governments must commit to: Parliamentary Oversight: Enhance the role of parliament in the debt acquisition process. Before any new loans are contracted, parliament should rigorously review and approve these agreements. This oversight should include detailed assessments of the terms of the debt and its alignment with national development goals. Parliamentary committees dedicated to finance and economic affairs should have the authority to monitor ongoing debt management and ensure compliance with national and international standards. Regularly publish detailed reports on the acquisition and use of borrowed funds. This includes specifying the purposes for which loans are taken and the outcomes of funded projects,” he said.
“Establish independent audit bodies or enhance existing ones to evaluate the efficacy and honesty of debt usage. These audits should be made public to ensure governmental accountability. Use technology to create more accessible and understandable data platforms where citizens can track debt levels, expenditures and related financial activities in real time.”
Rev Chama called for forums and discussions that allow diverse groups, including NGOs, community leaders, and financial experts, to voice their perspectives on debt management.
Involving civil society and stakeholders is not just beneficial; it is necessary for sustainable debt management. Steps to enhance public involvement include:
“Form committees that include representatives from various societal sectors to oversee major debt-funded projects, ensuring that these initiatives align with the public’s needs and priorities. Establish channels through which citizens can report concerns, suggest improvements, and provide feedback on government spending and debt management practices. We are not alone in our quest for a debt-free Zambia. United with civil society organizations, religious groups, and committed citizens, we share a vision of sustainable economic freedom. Together, we pledge to mobilise public support, advocate for necessary policy changes, and demand debt cancellation and systemic reform,” he said.
“Today, as we stand together, we face the stark reality of Zambia’s crippling debt burden. This has led to unsustainable economic conditions: slashed social budgets, deepening poverty, and stifled economic growth. We cannot afford to continue on this perilous path. We call on our government to commit to transparency and accountability in managing our nation’s debt. We urge you to prioritize the needs of our most vulnerable citizens, directing resources toward meaningful development and poverty alleviation. Debt cancellation is crucial—it is not just a financial adjustment but a step towards uplifting the Zambian people. By reducing our debt, we can invest more in health, education, and infrastructure, improving the quality of life for all Zambians. Join us in this movement for debt cancellation to ensure a sustainable future where public resources benefit the common good and help lift our citizens out of poverty, securing prosperity for coming generations,” he said.
“To our civil society partners, we extend our deepest gratitude for your relentless dedication. Your efforts to rally support and drive policy change are invaluable. We count on you to persist in advocating for both debt cancellation and essential reforms. To all religious leaders, all Christian Church Mother bodies and all faith and religious bodies, we offer our thanks for your moral support and guidance. Continue to pray for our nation and champion the cause of economic justice. We call on you to support this important cause for the restoration of human dignity,” he said.
“To all Zambians, this is your campaign. We encourage every one of you to stand with us, to demand actionable change and a resolution to our debt crisis. Together, we can secure a brighter future for ourselves, our children and our nation. As we march forward, let us embrace the spirit of the Jubilee Year — a biblical time of debt forgiveness and liberation. In this spirit, we seek both economic justice and ecological stewardship to heal our economy and our earth. Inspired by Micah 6:8, we urge every Zambian to act justly, love mercy and walk humbly with God as we strive for a just society. These are not merely ideals, but principles that guide us toward a future unburdened by debt. Together, let’s pursue economic and ecological justice, ensuring a debt-free future where the promise of our land is realized for all Zambians.”
