American Media Silent As World Leaders Plan New Global Pacts

 Despite a blackout by the American media, the Summit for a New Global Financing Pact brought more than 50 world leaders to Paris for a meeting which is sure to have far reaching consequences for the world.

On June 22 and 23, President Emmanuel Macron welcomed 50 heads of state, representatives of NGOs and civil society organizations to Paris for the "Summit for a New Global Financing Pact." Although the summit received little to no reporting from the American media, it was the latest effort to reset the international financial system as part of the continued push towards the 2030 Agenda and "net-zero" goals.

The French government stated that the objective of the gathering was to "build a new contract between the global North and South" which will better equip the nations to fight poverty and climate change. The summit was attended by US President Joe Biden, German Chancellor Olaf Scholz, British Prime Minister Rishi Sunak, and Brazilian President Luiz Inacio Lula da Silva.

In addition to heads of state, the summit was organized with support from the Open Society Foundations, the Bill and Melinda Gates Foundation, and the Rockefeller Foundation, among others.

France24 reports that Macron first announced his intention to host the finance summit at the end of COP27 in November 2022 after environmentalists were dissatisfied with the climate negotiations. At that meeting an agreement was reached to create a fund to compensate developing countries who suffer the effects of climate change. One of the goals of the June summit was to establish tools to finance such a fund. 

One of the other stated goals of this summit was to transform the entire international financial system by adapting the International Monetary Fund (IMF) and the World Bank to modern challenges. READ MORE