The summit brings dozens of leaders together in the French capital to forge a top-level consensus on how to progress a number of initiatives currently struggling in bodies like the G20, IMF-World Bank and United Nations.
Nearly eighty years after the Bretton Woods Agreement created the World Bank and International Monetary Fund , leaders aim to squeeze more financing from multilateral lenders for the countries that need it most. Governments are also looking at ways to allow the World Bank to use leverage to lend more to poor countries without putting its top AAA credit rating a risk.
A source close to the Paris Club creditor nations said on Monday that the governments Zambia owes money to aim to make a debt restructuring proposal in time for the summit in what is widely seen as a test case for the much-criticised G20 restructuring framework.