Tinubu departs Abuja for Paris summit on financial opportunities

President Bola Tinubu will on Tuesday, June 20, depart Abuja to join world leaders in Paris, France, to review and sign a New Global Financial Pact that 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.

This was contained in a statement issued on Monday, June 19, by the Special Adviser to the President on Special Duties, Communication and Strategy, Dele Alake.

Alake noted that President Tinubu will participate in the two-day summit slated for 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; 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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The presidential spokesman stated that the summit, which will be hosted by the President of France, Emmanuel Macron, will be held at Palais Brongniart.

He stated that the President 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, with a view to providing access to finance and investment that will leverage inclusive growth.

Alake said Tinubu will be accompanied by the members of the Presidential Policy Advisory Council and senior government officials, adding that the President will return to Abuja on Saturday, June 24, 2023.

The Star