PM Abiy Extends Appreciation to President Macron for New Productive Session of Global Financing Pact

Caption:PM Abiy Extends Appreciation to President Macron for New Productive Session of Global Financing Pact© Provided by Ethiopian News Agency (ENA)

Addis Ababa June 24/2023 (ENA) Prime Minister Abiy Ahmed extended his appreciation to President Emmanuel Macron of France for the warm reception to him in Paris, France.

The prime minister also thanked President Emmanuel Macron for productive sessions during the Summit for a New Global Financing Pact and the willingness to support African countries.

“I extend my appreciation to President Emmanuel Macron for the warm reception in Paris; for productive sessions during the Summit for a New Global Financing Pact and the willingness to support African countries,” he wrote on his FaceBook page.

Prime Minister Abiy Ahmed, along with his delegation participated in the summit for the New Global Financing Pact in Paris, France.

By the initiative of President Emmanuel Macron, France hosted more than 300 high-level participants, heads of state and government, international organizations and representatives of civil society and the private sector, from 22 to 23 June 2023.

Prime Minister Abiy also participated in the roundtable discussion entitled “Evolving the model of multilateral development banks to address the 21st century challenges” at the Summit for a New Global Financing Pact in Paris, France.

At the roundtable discussion, Prime Minister Abiy Ahmed stressed the need for having a robust and predictable financial safety net to address the interconnected crises of low income countries.

Sharing his perspectives of the recent development challenges of the world, Abiy emphasized the need to implement past pledges with resolve, for instance, climate change pledges, boost concessional financing facilities and create a robust mechanism to finance the transition to a green future and end the debt crisis.

The PM noted that the developing world, particularly African countries, have been going through interconnected crises such as financial, climate, debt and also cost of living crises.