Making Development Bank Lending Safe for Poor Countries
The upcoming Summit for a New Global Financing Pact, popularly known as the Macron Summit, will seek to enhance fragile economies’ access to the finance needed to cope with higher food and energy prices, the green transition, and development challenges. But it could end up creating more problems than it solves.
AMSTERDAM – Global leaders will soon assemble in Paris for the Summit for a New Global Financing Pact, popularly known as the Macron Summit. According to Catherine Colonna, France’s Minister for Europe and Foreign Affairs, the goal is to build a new financial contract between the Global North and Global South.