The theologically-inspired Jubilee 2000 campaign was highly successful but much theological reflection on the sovereign debt owed by the poorest nations has been overly polemical. Our study indicates that nonetheless a post-liberal, dialogical approach to the issue of international debt can be realised, and traces some of its key observations and themes. The origins and development of Jubilee 2000 are traced both in Britain and internationally, with particular reference to the campaign in Zambia. Key arguments and factors critical to the success of Jubilee 2000 are discussed and analysed. In performing this analysis we draw on the work of Atherton, whose approach offers criteria for establishing the adequacy of theological engagement in a plural and globalised context. Analysis of the themes of jubilee, grace and forgiveness, and usury reveal that despite their limitations, they offer valuable and distinctive contributions on issues of power and money, in their insights into the human condition, and into obligations across generations. Future theological engagement on debt will also require greater attention to the role that money performs, and a new synthesis of visionary and realistic elements.