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Barbados already has bonds that include disaster or pandemic clauses, but they are not widely used around the world. “What we need now is execution,” Mottley said. The World Bank said it would initially offer its new Climate Resilient Debt Clauses to its “most vulnerable” borrowers, with a view to expanding coverage. He also said he recognized that not all countries could afford catastrophe insurance, so he would work with donors to make the products affordable for low-income countries. More than 40 world leaders are expected in Paris over the next two days for the New Global Financial Deal Summit. They include German Chancellor Olaf Scholz and the presidents of Gabon, Zambia, Sri Lanka and Kenya. The President of the European Commission, Ursula von der Leyen, the Secretary of the Treasury of the United States, Janet Yellen, and the Secretary General of the UN, António Guterres, will also attend.
Macron sees the summit as part of a broader diplomatic push to show poorer countries and rising emerging powers such as India, Brazil and South Africa that wealthier Western states will act in solidarity in the fight against Russia Mobile Number List climate change and the reduction of sovereign debt. France also believes that courting a group often referred to as the Global South could help bolster support for the EU-UK-US alliance in its fight against large-scale invasion. of Russia in Ukraine. Recommended The Elysée has stressed that the event is not a summit of "promises" to which countries come with fresh money.
Instead, at the end of the two days there will be a "road map" on how to reform the international financial system, including the multilateral development bank. The summit will also address new sources of financing to address climate change, such as the introduction of levies or increased private sector investment. Macron has also won support for a tax on greenhouse gas emissions in the shipping industry. Mottley warned that the world was “running out of time” to take the necessary steps to ensure developing countries were prepared for global warming, arguing that many were falling into debt. “We can't separate climate from development,” he said.
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發表於 2024-3-12 15:30:48