OPINION

Why Paris financing pact failed

Oped, Published on 21/07/2023

» The recent Paris Summit for a New Global Financing Pact late last month was touted by its organisers, including French President Emmanuel Macron, as a groundbreaking initiative to forge a "new contract" between the Global North and South that would address climate change and foster sustainable development. The fact that most G20 leaders did not even bother to show up, however, casts doubt on the feasibility of the effort.