Emmanuel Macron wants “in-depth reform”. The French president mentioned Friday, June 23, a “full consensus” For “in-depth reform” the global financial system, in order to make it “more efficient, more equitable and more adapted to today’s world”, at the end of the summit for a new financial pact in Paris, which brought together for two days some forty heads of state and government. “We have to start working now”added the Head of State, announcing a “follow-up meeting” in Paris in two years on this “new consensus” to better arm themselves financially in the fight against poverty and global warming. Follow our live.
The reform of the financial system on the program. The leaders, gathered around round tables on Thursday before a big dinner at the Elysée, discussed the restructuring of the debts of poor countries vulnerable to climate change but also the reform of the International Monetary Fund (IMF) and the World Bank. The role of the private sector and new taxes – on the carbon emissions of the shipping industry in particular – were also on the agenda.
Iobjective of reallocating 100 billion dollars to poor countries achieved. As part of the summit, on Thursday June 22, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, announced that the objective of raising 100 billion dollars via the reallocation of special drawing rights had been reached, at the benefit the most vulnerable populations. This additional financing makes it possible to fight against poverty and to build resilience and sustainability by using IMF instruments in this area. This commitment was initiated by the President of the Republic during the Summit on the Financing of African Economies (SFEA), in May 2021 in Paris.
Emmanuel Macron calls for a “public funding shock”. The President of the Republic urged, Thursday at the opening of the summit, to “invest a lot more”. He also conceded that the international community was not “not at the rendezvous” great challenges poverty, climate and biodiversity.
A summit decried by NGOs. Attac denounced a “greenwashing summit and a communication operation”. Greenpeace France, CARE France and 350.org for their part projected Thursday on the facade of the Palais Brongniart a protest message to demand taxation of the most polluting industries.
Emmanuel Macron exceptional guest of franceinfo at 8:30 a.m. The Head of State was questioned Friday morning, live from the Palais Brongniart, on the challenge of ecological transition and the aid provided to developing countries.