Climate Finance Summit In Paris Makes Progress on Debt Relief

The summit which was held in Paris, was attended by representatives from over 100 countries. The participants discussed a number of proposals for reforming the global financial system, including debt relief for developing nations, increased investment in climate-friendly infrastructure, and afor regulating financial markets. While the summit did not produce any major breakthroughs, it did make some progress on the issue of debt relief.

The summit also agreed to launch a new initiative to provide technical assistance to developing countries on debt management. The progress made at the summit is a positive step, but more needs to be done to address the debt crisis facing developing nations. The participants at the summit agreed to continue their discussions on these issues, and they have pledged to meet again in the near future."I do not think we can completely change our system but we can make it much better," Mr Macron said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Africa: Climate Finance - Developed Countries Ready to Fulfil $100 Billion Pledge By Year EndThe OECD in its most recent analysis (2022) put the figure mobilised by developed countries in 2020 at $83.3 billion for climate finance.
Source: allafrica - 🏆 1. / 99 Read more »

South Africa plans R27 billion water fund with climate finance | City PressYears of neglect have left the country suffering power outages on a daily basis, while the quality of water provision has slumped. Now the DBSA has applied to the GCF for $235 million toward a water infrastructure fund. Read more here:
Source: City_Press - 🏆 7. / 72 Read more »

Kenya: President Ruto Says No MPs Paid to Support the Finance BillPresident William Ruto now says no Member of Parliament has been paid to support the Finance Bill 2023.
Source: allafrica - 🏆 1. / 99 Read more »

Convergence Partners invests in solar finance firm Yellow - TechCentralYellow provides pay-as-you-go finance for off-grid solar home systems and connectivity for low-income consumers.
Source: TechCentral - 🏆 8. / 71 Read more »