Tinubu Jets Out For First Presidential Participation In Summit For New Global Financial Pact

President Bola Tinubu will on Thursday, jet out to Paris, France to join other world leaders to review and sign a New Global Financial Pact.

The part places vulnerable countries on priority list for support and investment, following devastating impact of climate change, energy crisis, and after effect of the COVID-19 pandemic. 

The President will participate in the two-day Summit, June 22 and 23, that looks at opportunities to restore fiscal space to countries that face difficult short-term financial challenges, especially the most indebted and mobilize innovative financing for countries vulnerable to climate change.

It also looks at fostering development in low-income countries, and encourage investment in “green” infrastructure for the energy transition in emerging and developing economies.  

President Tinubu and the other global leaders, multilateral institutions, financial experts and economists will take a more holistic look at the recovery of economies from the impact of COVID-19 pandemic, and rising cases of poverty, with a view to providing access to finance and investment that will leverage inclusive growth. 

The Summit, which will be hosted by President Emmanuel Macron of France, will be held at Palais Brongniart, according to a statement by Special Adviser, Special Duties, Communication and Strategy, Dele Alake.

The President would be accompanied by members of the Presidential Policy Advisory Council and senior government officials and are expected back to Abuja on Saturday.