Amidst calls for a reform of global financial systems, France is taking the lead in promoting what it calls a new financial pact.
It says the system will be more responsive, just and inclusive. It will fight inequalities, finance the climate transition and biodiversity protection, and move closer to achieving the United Nations Sustainable Development Goals (SDGs).
“The post-war international financial architecture is no longer sufficiently adapted to deal with the growing inequalities, climate change, biodiversity erosion and public health challenges prevalent in the 21st century,” the Republic of France said in a statement sent to PREMIUM TIMES.
