The French government vows its June global financing summit will generate "ambitious decisions" on greater access to climate finance and debt relief for vulnerable nations struggling with collateral damage from war, pandemic, and natural disasters, according to a concept note seen by Devex.
The two-pager calls for action on a range of politically sensitive topics that have bedeviled global leaders for years, from debt relief to climate finance to international tax arrangements. But four months out, the areas most ripe for progress are still being determined.
The Summit for a new Global Financing Pact, slated for June 22-23 in Paris, was announced last year by French President Emmanuel Macron and is an attempt to promote an array of international financial reforms, including the so-called Bridgetown Agenda of the prime minister of Barbados, Mia Mottley.