Unty fifty Heads of State and Government, major international organizations, NGOs and activists are present in Paris, Thursday 22 and Friday 23 June, on the occasion of the summit for a “new global financial pact”. They respond to the invitation of Emmanuel Macron, who wants to reform international finance and arm vulnerable countries in the South in the face of climate change and poverty. The top should “build a new consensus for a more united international financial system”, according to the organizers. Follow our live.
Many guest leaders. The Crown Prince of Saudi Arabia, Mohammed ben Salmane, is present, as is the Brazilian President, Lula, the American Secretary of the Treasury, Janet Yellen, the German Chancellor, Olaf Scholz, or even the Chinese Prime Minister, Li Qiang. Mia Mottley, Prime Minister of Barbados and face of the countries of the South in the fight against global warming, will open the summit alongside Emmanuel Macron, while the President of the European Commission, Ursula von der Leyen will intervene, as will Sultan Al-Jaber, president of the next COP28 in Dubai. Swedish environmental activist Greta Thunberg will also speak on the sidelines of the summit.
Institutional reforms and debt on the agenda. The leaders, who will meet in particular around round tables, will discuss many subjects, including 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 taxation – on the carbon emissions of the maritime transport industry in particular – will also be on the agenda.
Rich countries want a “just and united ecological transition”. Thirteen heads of state, government and political leaders, including Emmanuel Macron and Joe Biden, made a commitment in a column published on Wednesday in The world To “move forward on concrete measures”. They emphasize the need to pursue the reform of multilateral development banks and to strengthen financial instruments, in particular debt deferral mechanisms.
Attac denounces the “summit of greenwashing”. LONG denounces on his side “a communication operation and an illegitimate summit”, while Oxfam explains that “little new funding is expected”. “There is a real gap between the initial ambition and the reality”, already regrets Louis-Nicolas Jandeaux, advocacy officer at Oxfam France.