On debt, will the moneylenders hearken to the Holy Father?

Poor countries, misled by colonial-era education and local corruption, repay lenders who only return a fraction of the funds as loans.

Photo credit: Joseph Nyagah | Nation Media Group

If you are an East African, you may have noticed that a horse and a journey are written in the same letters but arranged differently; farasi and safari. So, please be kind and don’t harshly judge that daft fellow you once saw in a drawing embarking on a long journey while carrying a horse on his back – he didn’t notice the different arrangement of the same letters. But whether Mr Daft ever finishes the journey or not, he will be worse off than he set off, his time and energy wasted.

You will not hear such bizarre scenes being discussed in a church gathering. But, fortunately, the more bizarre realities in today’s world of international finance are getting some airplay in this (2025 Catholic) Holy Year’s discussions.