Making International Summits Work
The just-concluded Summit for a New Global Financing Pact in Paris set the stage for a series of pivotal gatherings that could reshape climate finance and empower developing countries. But for that to happen, world leaders must ensure that such meetings are well prepared – and that key leaders attend.
OXFORD – The world leaders who just gathered in Paris for the Summit for a New Global Financing Pact have vowed to mobilize resources to support developing countries grappling with debt crises and to empower the Global South to assume a larger role in global governance. While these are worthy goals, such high-profile summits often yield little more than group photographs and empty pledges.