The website for the Summit on a New Global Financing Pact went live on May 25 at https://nouveaupactefinancier.org/en.php. It presents the program, challenges and contact information relating to the organization of the event.
At the invitation of President Macron, the summit will bring together heads of state and government, leaders of major international organizations, representatives of global financial institutions, and private sector and civil society representatives. Its goal is to lay the groundwork for a new financial system, one that is fairer and more solidarity-based, to meet our shared global challenges: the fight against poverty, climate change and the protection of diversity.
This summit, which will take place at the Palais Brongniart in Paris on June 22 and 23, is consistent with the many international meetings that will be held in late 2023, including the G20 summit under the Indian Presidency, the World Bank and IMF Annual Meetings in Marrakech, the UN secretary-general’s summit in New York on the Sustainable Development Goals, and the UN Climate Change Conference (COP28) in Dubai.
It will enable us to define the principles underlying future reforms and set a course toward a new, more balanced financial partnership between the Global South and North. It will also pave the way for future agreements to combat over-indebtedness and allow more countries to access the financing they need to invest in sustainable development, better protect the environment, lower greenhouse gas emissions and protect populations who are at the greatest risk from ecological crises.