…set to sign new global financial pact in France
President Bola Tinubu has departed Abuja for Paris on his first official visit since May 29, to join his counterparts from across the world at the Paris Summit for the New Global Financial Pact.
Tinubu’s official Gulfstream jet departed the Presidential Wing of the Nnamdi Azikiwe International Airport at 11:30 am Tuesday.
The two-day summit, which will be hosted by President Emmanuel Macron of France, will be held at Palais Brongniart, from June 22-23, 2023.
While in Paris, the President will “participate, review and sign a New Global Financial Pact that places vulnerable countries on priority list for support and investment, following devastating impact of climate change, energy crisis, and after effect of the COVID-19 pandemic,” a statement signed by the Special Adviser, Special Duties, Communication and Strategy, Dele Alake, read.
Leaders will consider opportunities to restore fiscal space to countries that face difficult short-term financial challenges, especially the most indebted; mobilise innovative financing for countries vulnerable to climate change; foster development in low-income countries, and encourage investment in “green” infrastructure for the energy transition in emerging and developing economies.
According to Alake, President Tinubu and the other global leaders, multilateral institutions, financial experts and economists will take a more holistic look at the recovery of economies from the impact of the COVID-19 pandemic, and rising cases of poverty, with a view to providing access to finance and investment that will leverage inclusive growth.
Tinubu, who returns on Saturday, will be accompanied by members of the Presidential Policy Advisory Council and senior government officials.
