Development finance, debt and the SDGs · at 17 min
Sovereignty for all peoples across the board. My third conviction is that we must not yield to a divided world. Many describe this rift. Many talk about this rift between the North and the South. We won't be able to tackle any of the challenges our planet faces if we give in to this rift, and it is fueled by double standards, this rift. However, we need the North and the South to reconcile so that they can tackle climate health development challenges. And that's why over the last few years, we've launched many more initiatives. and the African Union. When it came to shoring up economies together with the International Monetary Fund to reform special drawing rights and make progress for African economies. And we held our word $100 billion in special drawing rights allocated to helping African countries. We must stay the course, ensuring that we remain united without pitting anyone against anyone else. That is why it's important that the global health infrastructure must remain intact. We will continue reforming that architecture, but we will never weaken the WHO. We must put the finishing touches on the Pandemics Treaty. Africa CDC should be in a position to combat Ebola ever more effectively. We must be clear sighted as we reform our official development assistance, ODA. We must ensure that our investments exhibit greater solidarity, that they're more effective. This is what we did with the Paris Pact for people and Planet in 2023. Also at the Africa Summit in Nairobi, we also agreed to build a new consensus around investment that stands in solidarity with other states. Countries are allocating funds, and yet the needs of the countries of the global South are growing as well. We need to go faster and go further to help the IMF and the World Bank To be more effective, we must bolster the effectiveness of the instruments at their disposal so that we can mobilize the private sector better, creating guarantee mechanisms to ensure that in emerging economies, middle income countries and developing countries, a more effective response can be mounted to the problems they face. This is the kind of new partnership we must forge in order to ensure that there is no gap, no division, between the North and the South. In a similar vein, this north south partnership requires and will require us to wield our capacity to reopen a dialogue about our common history, our cultural relationships and remembrance. This is what France has tried to do over the last few years, working on the basis of joint scientific works we've instituted a number of bills to ensure that we restitute cultural artifacts in a way, forging a partnership in the name of culture, history and remembrance. And this with a number of countries of the South, for instance, with Ghana and together with all interested parties, all interested partners, we will work on restorative justice reparations. This is a matter of respect, and it is on this respect that the partnership between the North and the South will be built. Moving on global trade, it needs to be more effective and more equitable. This is what we sought to achieve at the G7 meeting France convened, bringing together countries of the South, ensuring that there is common ground, a dialogue going beyond the G7 with China, India, Brazil, South Korea, Kenya the list goes on so that we can improve our collective organization, ensure that we work on rare earth minerals, rare earth metals, critical minerals. As well as other areas. At the end of the day, we must shoulder this responsibility, ensuring that there is no rift between these two blocks. And in a similar fashion, we must not yield on the climate and biodiversity. We've done a great deal over the last few years, ever since the Paris Agreement 11 years ago. The principles are still valid today and must be defended. We must stay the course. But I understand the doubts some harbour on this front. Let us not cede. If we are to defend our planet, defend the climate, defend biodiversity, we need proactive multilateralism and this is what we try to achieve at the One Planet Summit.
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