How the Paris Peace Forum is contributing to the Summit for a New Global Financing Pact

On 22-23 June, in lieu of our usual Spring meeting, the Paris Peace Forum will be joining forces with the Summit for a New Global Financing Pact, called for by French President Emmanuel Macron.

Its aim is to propose innovative solutions to address the pressing and interconnected issues of climate and development, a goal that is very much in line with our organization’s objectives, and which has been the topics of many sessions at the Forum in the past.

The Paris Peace Forum is supporting this international summit by offering a platform for consulting and engaging civil society from the North and the South, culminating alongside international political leaders for a day of exchange at the Palais Brongniart on Thursday 22 June, 2023. Adrien Abécassis, Chief Policy Officer of the Paris Peace Forum, has also been appointed Deputy Special Envoy to the Summit by President Macron.

Did you know?

Over 120 million people have been pushed into extreme poverty in just three years, a number rising for the first time in 40 years.

Hundreds of millions of people are potentially affected by humanitarian and natural disaster crises (including those resulting from climate change).

One-third of all developing countries and two-thirds of low-income countries are at high risk of debt distress.

It would take 4 to 5 trillion dollars for developing countries to achieve both the SDGs and the objectives of the Paris Agreement. International public aid currently represents $200 billion.

In this context, the urgency to combat climate change while striving to achieve SDGs has become increasingly paramount. Here’s where the Summit for a New Global Financing Pact comes in. Its ambitious aim is to:

Fight against poverty: Multiple, overlapping shocks have left developing countries with no resources to respond to the lingering effects on food and fertilizer prices, and the growing impact of climate change. We need to create enough fiscal space to confront these crises and build resilience for those that will come.

Support vulnerable nations: Countries faced with humanitarian and natural disasters can sometimes enter a permanent spiral of crises. Mechanisms and instruments of insurance and financing specifically adapted to their situation must be created.

Champion the planet and global public goods: The path to a ‘Net Zero’ future demands revolutionary transformations and long-term funding. In order to pave the way to a resilient planet, we need to nurture economic growth, develop human capital, and embrace sustainable practices.

Foster global cooperation: Global challenges like climate change demand cooperation. It is therefore crucial we empower developing countries to lead these discussions and restore trust.

Confront economic hurdles: Public debt, inflation, and trade barriers, put developing nations in an unprecedented complex situation. We need to find solutions to boost financial stability and pave the way for inclusive growth.

As part of the Summit, the Paris Peace Forum has taken on the mission of offering a platform for consulting and engaging civil society from both North and South. We will therefore help arrange the participation of these stakeholders, especially those from the South, to ensure that their voices are heard in those conversations.

Who's attending?

100 Heads of state and government invited

40 international organizations

120 NGOs and NGO coalitions

Friday June 23

9h00 – 12h30  Closing Ceremony

• Protocol greetings and family photo
• Presentation of the round tables’ conclusions
• High-level dialogue

Additional Side events

On Day 1 (June 22), a series of events organized by civil society and international organizations tackling the issues addressed by the Summit will complement and feed into the official program, held at the Palais Brongniart, the OECD and UNESCO.

Everything you need to know

To learn more, explore the website of the Summit for a New Global Financing Pact