Jubilee 2000

Jubilee 2000 was a global campaign aimed at reducing or canceling the debts of developing countries. Launched in the late 1990s, it sought to address the financial struggles faced by nations burdened by unsustainable debt, which hindered their ability to invest in social services like education and healthcare. The initiative drew inspiration from the biblical concept of Jubilee, which called for the forgiveness of debts. The campaign galvanized public support, leading to significant debt relief measures by governments and financial institutions, ultimately influencing discussions on fairer international financial policies.