TNPSC Thervupettagam

Summit on New Global Financial Pact

July 1 , 2023 514 days 515 0
  • The French President Emmanuel Macron hosted the Summit for a New Global Financing Pact (Pact Summit) in Paris, France.
  • The Summit was announced at the 27th Conference of Parties (COP27) to the United Nations Framework Convention on Climate Change (UNFCCC).
  • The summit was precipitated as a follow-up to the Bridgetown Initiative.
  • It is a package of proposals to get more money flowing from developed to developing countries for climate and development.

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