September 19, 2024

Summit for New Global Financing Pact kicks off in Paris Thurs.

France is set to host the Summit for the New Global Financing Pact on Thursday, with the participation of Kuwait.

The Kuwaiti delegation will be headed by Minister of Finance Manaf Al-Hajeri, as representative of His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and it will also include Kuwaiti Ambassador to France Mohammad Al-Judaie.

The two-day summit will kick off within few hours in Paris, said French President Emmanuel Macron on his official Twitter account on Wednesday. He added that we can make a significant difference for the planet and fight poverty.

Macron had previously called for holding the summit, during the Climate Change Conference (COP 27) in Egypt, as a step to fight climate change, limit poverty and reduce debts.

The summit, where about 50 world leaders, prime ministers and heads of international organizations and NGOs will participate, will mainly discuss future reforms and create balanced financial partnership.

The main participants in the event are UN Secretary-General Antonio Guterres, German Chancellor Olaf Scholz, President of the European Council Charles Michel, President of the European Commission Ursula Gertrud von der Leyen and President of the European Central Bank Christine Lagarde.

Source: Kuwait News Agency