A Summit for a “New Global Financial Pact”: Towards more commitments to achieve the 2030 Agenda?
From June 22 to 23, 2023, the Summit for a « New Global Financial Pact » will be held in Paris following the wishes of the President of the Republic Emmanuel Macron, shared during the COP27 in Egypt. During this Summit, the issues at stake are the repercussions of the multiple climate, energy, health and economic crises, particularly in the most vulnerable countries. The financing needed to address these crises will also be central to the event’s programme.
Four major objectives for this Summit have been announced and will be followed up by four working groups:
- Restoring fiscal space to countries facing short-term difficulties, especially the most indebted countries
- Promoting private sector development in low-income countries
- Encouraging investment in « green » infrastructure for the energy transition in emerging and developing countries
- Mobilising innovative financing for countries vulnerable to climate change.