The Bishop of Leicester asked a question about the Jubilee 2000 Campaign on 17th July 2025, during a wider discussion on debt relief and cancelling international debt:
The Lord Bishop of Leicester: My Lords, this year marks the 25th anniversary of the Jubilee 2000 campaign—a remarkable coming together of tens of millions of people from around the world, which led to around $130 billion of debt being cancelled across 36 countries. It allowed those countries to reinvest in education, healthcare and poverty alleviation. The Pope has also declared this year a year of Jubilee and set up a commission to look at international debt relief. What are the Government doing to learn from the Jubilee 2000 campaign and to engage with faith communities and charities working in this sector?
Lord Livermore (Lab, Treasury): My noble friend Lady Chapman tells me that we are doing exactly as the right reverend Prelate seeks. I completely agree with him on the history of the Jubilee movement. The UK wants to see effective solutions to those debt challenges. We strongly support the IMF’s three-pillar approach to providing support to countries facing immediate liquidity pressures. Where a country needs to restructure its debt, as I have said before, the common framework remains the best available tool to do so. We are focused on ensuring that the common framework delivers more timely, orderly and co-ordinated restructuring.

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