Tinubu to participate in two-day finance summit in Paris

President Bola Ahmed Tinubu will join world leaders in Paris, France, to review and sign a New Global Financial Pact that places vulnerable countries on a priority list for support and investment, following the devastating impact of climate change, energy crisis, and the effect of the COVID-19 pandemic. 

Tinubu will participate in the two-day summit starting from June 22 to 23 that will look at opportunities to restore fiscal space to countries that face difficult short-term financial challenges.

According to Tinubu’s Special Adviser on Special Duties, Communication, and Strategy, Dele Alake, the summit will focus on the most indebted; mobilize innovative financing for countries vulnerable to climate change; foster development in low-income countries, and encourage investment in “green” infrastructure for the energy transition in emerging and developing economies.  

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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 the COVID-19 pandemic, and rising cases of poverty, to provide 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. 

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The President will be accompanied by members of the Presidential Policy Advisory Council and senior government officials and he is expected to return to Abuja on Saturday.