President of Republic Takes Part in Paris Summit For a New Global Financial Pact

The Summit “for a new global financial pact” opened on 22 June in Paris with the participation of His Excellency Mr. Mohamed Ould Cheikh El Ghazouani, the President of the Republic. This summit, which President Emmanuel Macron called for during COP27, aims to strengthen the resilience of the most vulnerable countries to economic shocks and the impacts of climate change.

Upon his arrival, the President of the Republic was received by Ms. Catherine Colonna, the French Minister for Europe and Foreign Affairs.

It should be noted that the summit brings together some 40 heads of state and government, representatives of major international organizations, international financial institutions, the private sector, and civil society.

The summit will address important issues related to the development of a new global financial pact that will be able to fairly face the environmental and health challenges and their various repercussions on the countries of the South, in particular, and to fight against inequalities, to finance the transition climate, and bring us closer to achieving the goals of sustainable development.

It aims, more generally, to build a new consensus for a more united, more responsive, and fairer international financial system, thus breaking with the fragmentary, partial, and insufficient responses provided so far by the international community.