New Global Financing Pact Summit

On 23rd June, 2023, the Summit for a New Global Financing Pact concluded in Paris, marking an important event in addressing global financial challenges. It was hosted by France.

  • The objective of the Summit was to set the foundations for a new global financing architecture beyond the Bretton Woods system to simultaneously address climate change, biodiversity and development challenges and help all countries achieve the Sustainable Development Goals.
  • Several Heads of State and Government, Heads of international organizations and hundreds of civil society and private sector representatives attended the Summit.

Key Points

  • Clear Demands: The leaders of developing countries presented clear ....
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