PM Shehbaz Sharif leaves for France to participate in Paris summit

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday left for France to participate in New Global Financing Pact Summit being held in Paris, ARY News reported.

The premier Shehbaz Sharif is paying a two-day official visit to France at the invitation of French President Emmanuel Macron.

The Paris Summit, scheduled for June 22-23, 2023, is being hosted by France, with the objective of setting the foundations for a new global financing architecture beyond the Bretton Woods system to address climate change, biodiversity crisis and development challenges.

The prime minister Shehbaz Sharif will address the summit as leading stakeholder of G-77 and head of one of the largest developing countries most affected by climate change.

He will present Pakistan’s perspective and proposals for reform of International Financial Institutions, climate finance, green infrastructure, attainment of the SDGs and solutions related to debt.

PM Shehbaz Sharif will also hold bilateral meetings with other world leaders on the sidelines of the Summit.

Paris summit

The Summit affords an opportunity for the leaders to discuss the contours of a new global architecture capable of meeting the challenges of financing sustainable development, environment, energy transition and climate change agenda.

In the run-up to other important international events and conferences during the next two years, the Summit aims to define the principles and steps required for a comprehensive reform of the international financial system, and pave the way for a more balanced and fair partnership between the North and the South.

Pakistan will contribute to the debate at the Summit as a leading stakeholder in the global discourse, a leader in G-77 and China and one of the largest developing countries most affected by climate change.