How to build a new consensus for a more inclusive international financial system?
The Summit for a New Global Financing Pact is scheduled to take place on 22-23 June 2023 in Paris, as announced in a joint statement by the Franco-German Council of Ministers on January 22.
The Summit aims at increasing financial solidarity with the South to address climate change and the global crisis, including access to health and the fight against poverty.
This event will be an opportunity to address key issues, such as the reform of multilateral development banks, debt crisis, innovative financing, climate finance, international taxes, debt-for-adaptation swap, and special drawing rights (SDRs).
The preparation of the Summit is carried out by a high-level international steering committee composed of States and International Organizations. It includes France, Barbados, South Africa, Germany, Brazil, China, the United Arab Emirates, the United States, India, Japan, the United Kingdom, Senegal, the European Commission, the United Nations Secretariat, the International Monetary Fund, the World Bank and the OECD.
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