126 We are really speaking about a new network of international relations, since there is no way to resolve the serious problems of our world if we continue to think only in terms of mutual assistance between individuals or small groups. Nor should we forget that “inequity affects not only individuals but entire countries; it compels us to consider an ethics of international relations”. Indeed, justice requires recognizing and respecting not only the rights of individuals, but also social rights and the rights of peoples. This means finding a way to ensure “the fundamental right of peoples to subsistence and progress”, a right which is at times severely restricted by the pressure created by foreign debt. In many instances, debt repayment not only fails to promote development but gravely limits and conditions it. While respecting the principle that all legitimately acquired debt must be repaid, the way in which many poor countries fulfil this obligation should not end up compromising their very existence and growth.
Source: Fratelli Tutti (Vatican.va)