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    Frustration and tentative progress at Macron finance summit

    While some pledges were made, it wasn't clear at the two-day gathering that world leaders from the global south were being heard and acknowledged.

    By Vince Chadwick // 23 June 2023

    World leaders were grateful for the chance to talk climate and poverty in Paris this week — and frustrated that they still had to.

    Rather than listen to and then seek to address the anger and aspirations of governments outside Europe and the United States — on debt, on climate finance, on donors’ obsession with competing with China — this week’s gathering on a New Global Financial Pact seemed to come late to the idea that the leaders in Africa and Latin America were not totally buying what Western governments had spent the previous day selling.

    It was only on Friday morning, after a Thursday full of panel debates that served mostly to deliver precooked announcements, that hosting French President Emmanuel Macron and German Chancellor Olaf Scholz — the heaviest G-7 hitters in attendance — yielded the floor to their guests. A “working dinner” Thursday night was closed to the public.

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    More reading:

    ► Scoop: Macron summit docs show limited vision for development banks

    ► DevExplains: What are Special Drawing Rights?

    ► Fix 'obsolete' climate funding or risk disaster, warns UN fund chief

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    About the author

    • Vince Chadwick

      Vince Chadwickvchadw

      Vince Chadwick is a contributing reporter at Devex. A law graduate from Melbourne, Australia, he was social affairs reporter for The Age newspaper, before covering breaking news, the arts, and public policy across Europe, including as a reporter and editor at POLITICO Europe. He was long-listed for International Journalist of the Year at the 2023 One World Media Awards.

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