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financial reform

International summits are vital to promoting global agreement and laying the groundwork for future international cooperation. The Summit for a New Global Financial Pact took place in Paris, co-hosted by France’s President Emmanuel Macron and Barbados’ Prime Minister Mia Mottley. The Summit, organised with the aim of promoting global unity for international financial architecture form, set out to achieve four main goals focusing on fiscal sustainability and climate change in low-income countries. Amid the worldwide increase in extreme poverty and climate disasters, these conferences provide a platform for building coalitions to resolve urgent humanitarian issues. However, there has been a marked decline in international cooperation and the success of these events. In 2022, the United Nations Climate Change Conference COP27 …