Was it worth it? That was the question after French President Emmanuel Macron’s Summit for a New Global Financing Pact wrapped last Friday.
Here’s the answer(s).
• For the official version, the chair’s summary, a “proposed roadmap to build on key milestones,” and a vision statement for multilateral development banks are online. Catching our eye in particular was the support from the World Bank and European Investment Bank, among others, for clauses allowing countries to pause debt repayments when hit by climate disasters — a key part of the Bridgetown Agenda of Barbados Prime Minister Mia Mottley.