
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?
Speakers
- 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
Related resources
- Where has the money come from to finance rising climate ambition? (ODI emerging analysis)
- Multilateral development banks as catalysts for private sector mobilisation: in conversation with EBRD President Odile Renaud-Basso (ODI event video)
- The time is now: what the World Bank’s (R)evolution Roadmap should look like (ODI insight)
- Open letter to new World Bank President Ajay Banga: be the catalyst for reform the World Bank so urgently need (ODI insight)
- Governance of multilateral development banks: Options for reform (ODI report)
- Think Change episode 22: On borrowed time? The sovereign debt crisis in the Global South (ODI podcast)
- Principled Aid Index 2023: In a weaponised world, smart development power is not dead (ODI insight)