Jayati Ghosh, Sandrine Dixson-Declève, and Johannah Bernstein reflected on the disappointment of the June 22-23 Summit for a New Global Financing Pact in a new article “Failed Paris financing summit post-mortem” in The Asset.
As they explain:
Shockingly, the summit concluded without a single firm commitment. This can be attributed to the opaque and unequal preparatory process, which lacked adequate consultation with low-income countries and civil society groups and thus failed to create the conditions for forging new global policy frameworks. Ahead of the Paris meeting, the Club of Rome’s Earth4All Transformational Economics Commission published an open letter identifying four critical issues that leaders and policymakers must address. Unfortunately, there has been little progress on any of them.
