Next week, world leaders head to Paris for the Summit for a New Global Financing Pact.
In the words of French President Emmanuel Macron, the Summit aims to ‘provide a forum to take stock on all the means and ways of increasing financial solidarity within the South.'
It builds on the so-called Bridgetown Initiative launched at COP by Prime Minister of Barbados, Mia Mottley, but goes beyond Bridgetown’s climate focus to cover a broad range of issues, from poverty and human development to the debt crisis.
Politically, the message is clear: this Summit will be different from the others. This time, there will be true pledges and concrete deliverables. This time, it is all about building a new contract between the North and the South.
Is this realistic? Can we expect a true dialogue this time? And what is at stake if this Summit doesn’t deliver on its promises?
- Sara Pantuliano (host), Chief Executive, ODI
- Hanan Morsy, Deputy Executive Secretary and Chief Economist at the United Nations Economic Commission for Africa
- Chantal Naidoo, founder of Rabia Transitions Initiative in South Africa, Research fellow at Sussex University, and Visiting Researcher at the Grantham Institute of Climate Change and Environment.
- Frederique Dahan, Director of Development and Public Finance programme, ODI
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