Bola Tinubu will travel to Paris on Thursday to participate in the Paris Summary for a New Global Financial Pact, his first foreign trip as President.
The summit, convened by French President Emmanuel Macron, will be held at Palais Brongniart.
The President will “participate, review, and sign a New Global Financial Pact that places vulnerable countries on the priority list for support and investment, following the devastating impact of climate change, the energy crisis, and the aftereffect of the COVID-19 pandemic,” according to a statement signed by Special Adviser, Special Duties, Communication and Strategy, Dele Alake, on Monday.
The statement is titled, ‘President Tinubu to participate in Paris submit for new global financial pact.’
The two-day Summit, which will take place on June 22 and 23, will look at ways to restore fiscal flexibility to countries facing difficult short-term financial challenges, especially the most indebted.
Leaders will also mobilise innovative financing for climate-vulnerable countries, promote development in low-income countries, and stimulate investment in “green” infrastructure for growing and developing economies’ energy transition.
According to Alake, the President and other global leaders, multilateral institutions, financial experts, and economists will also take a more holistic look at the recovery of economies from the impact of the COVID-19 pandemic, as well as rising cases of poverty, with a view of providing access to finance and investment that will leverage inclusive growth.
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