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the president French, Emmanuel Macronhopes to attract USA And China at the summit he is set to host in Paris on June 22 and 23 for a new global financial pact to finance poverty, mitigate climate change and biodiversity loss.
“We need both of them,” he stressed. Macron this Friday during a video conference at an NGO event Global Citizen, in which he spoke about some of the elements of preparation for this summit.
Priorities
Macron noted that USA The priority is to promote the reform of the World Bank (WB) and the International Monetary Fund (IMF).
When Chinathe main problem is that, given that he is one of the main financiers of poor and developing countries, he is committed to directing this money so that, for example, it is no longer used in favor of the use of coal and other activities. that exacerbate climate change.
presidency sources French justify the relevance of this summit by the fact that “the world has changed a lot” since the current international financial architecture was created at the end of World War II, structured, in particular, around the World Bank and the IMF.
Particularly because of the emergence of great emerging powers, and in particular Chinawhich play an important role.
And also because new challenges have been added to the traditional fight against poverty, in particular action against climate change and the loss of diversity.
Solutions
Although WB reform has already begun, Paris believes a high-level push is needed, and the June summit in Paris could serve as a trigger.
for the president Frenchthe idea that adequate financing solutions would need to be found for each country would need to be adopted, considering, for example, that for the poorest sections of the population, subsidies would be the only alternative, since they could not obtain private financing or loans.
The organizers look forward to a broad representation of countries, especially African and developing countries, as well as financial institutions. Whom they are not going to invite is Russia. (As reported by EFE)
Source: RPP
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