Summit for a New Global Financial Pact
Australia calls for climate adaptive finance architecture
June 22, 2023 | Australia, Climate
Economists call for global FTT ahead of Summit for a New Global Financial Pact
June 7, 2023 |
Macron outlines Summit for a New Global Financial Pact objectives at G7
May 21, 2023 | France, Climate
French President announces new priorities for French development policy
May 8, 2023 | France, Climate, Agriculture, Gender Equality
Institute for Climate Economics calls for increased funding, responsibilities for MDBs
March 27, 2023 | France, Climate
Barbados, France launch call to action ahead of Paris 'Summit for a New Global Financial Pact'
March 17, 2023 | France
France develops summit agenda for 'New Global Financial Pact'
February 2, 2023 | France, Climate
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August 14, 2023 | Germany, Education, Agriculture | Share this update
On August 14, 2023, German Development Minister Svenja Schulze traveled to Mauritania and Nigeria in her first visit to the region since assuming the Sahel Alliance presidency in July 2023.
Schulze will meet with high-level government representatives in Mauritania to discuss their priorities of the Mauritanian G5 Sahel Presidency and support for Sahel Alliance initiatives. Job creation for young people, social security, and food and water security are priorities of Schulze's Sahel Alliance Presidency and of German bilateral cooperation with countries in the Sahel region. Schulze highlighted that economic development and prosperity will help create societal stability and prevent the rise of terrorist groups.
In Nigeria, Schulze will meet with representatives of ECOWAS to discuss how Germany can support ECOWAS' efforts to engineer a peaceful solution to the crisis in neighboring Niger following a military coup in the week of July 24, 2023.
July 25, 2023 | Germany, Agriculture, Climate | Share this update
On July 25, 2023, at the UN Conference on Global Food Systems in Rome, Italy, BMZ State Secretary Jochen Flasbarth called for advancements in climate-adapted local agriculture to reduce reliance on volatile world food markets and counter Russia's use of wheat blockades as a weapon in the war against Ukraine.
Flasbarth emphasized the importance of achieving lasting structural changes. He called for the end of slow, reactionary crisis solutions and urged policymakers to reduce dependencies on global wheat and fertilizer markets and promote local, climate-adapted farming in partner countries. The conference intended to reduce the impact of future food crises by tackling intersectional issues such as hunger, inequality, climate change, and biodiversity loss.
Flasbarth announced a collaboration with the WFP on a five-year program worth EUR22 million (US$25 million) for sustainable and inclusive school feeding. The BMZ announced an additional EUR5 million (US$6 million) in 2023 to the newly established financing window for the transformation of food systems under the UN Joint SDG Fund.
The 2023 summit was billed as a "Stocktaking Moment" following the 2021 UN Food Systems Summit, which called for collective action to achieve all 17 SDGs through the transformation of food systems. The 2023 summit provided member states and stakeholders the opportunity to report on their activities and identify new solutions to further the transformation of agricultural and food systems.
July 10, 2023 | Germany, Spain, Education, Agriculture, Gender Equality | Share this update
On July 10, 2023, German development minister Svenja Schulze took over the Presidency of the Sahel Alliance from Spain.
Schulze outlined three priorities for her presidency:
June 28, 2023 | Germany, Agriculture | Share this update
On June 28, 2023 the Federal Ministry of Food and Agriculture and the BMZ announced Germany's accession to the Agroecology Coalition, a global coalition for food systems transformation through agroecology.
The Agroecology Coalition was founded to support the sector's transition to sustainable farming methods through policy, knowledge exchange, and the provision of financial resources on a global scale. Germany's accession to the Agroecology Coalition reflected the government's increasing focus on national and international issues of agroecology across different government departments and incorporate them into agricultural policy.
June 12, 2023 | Germany, Agriculture | Share this update
On June 12, 2023, the BMZ announced it will phase out and not renew funding for projects under the AGRA program.
AGRA is an initiative by the Bill and Melinda Gates Foundation and the Rockefeller Foundation that aims to increase food production in Africa. In 2023, several NGOs criticized AGRA for not lifting smallholder farmers out of poverty but on the contrary making them more dependent on fertilizer, pesticides, and seed imports from chemical companies including Bayer and Syngenta. Further, certain agricultural poisons, that are banned in the EU, were used in projects.
AGRA was funded through the KfW with EUR10 million (US$11 million) initially and EUR15 million (US$16 million) in a second project phase.
May 31, 2023 | Germany, Climate, Agriculture | Share this update
On May 31, 2023, representatives of the Cameroon government and the BMZ discussed cooperation in the area of forest protection.
At the meeting, BMZ officials announced that Germany will provide EUR20 million (US$21 million) for Cameroon to support rainforest protection in the Congo Basin. The BMZ aimed to develop and implement business models that exclude deforestation and at the same time create new income opportunities.
May 24, 2023 | Japan, Canada, France, UK, US, Germany, Italy, EUI, Education, Agriculture, Gender Equality, Climate, Global Health | Share this update
On May 24, 2023, Civil Society 7 released its review of the May 2023 G7 Hiroshima Summit.
The report looked at six topics, including the nuclear disarmament, climate and environmental justice, the transition to a fair economy, global health, humanitarian aid and conflict, and a resilient and open society, and presented the following findings:
C7 aims to achieve a society envisioned by the SDGs that leaves no one behind, and its criticism of the G7 Hiroshima Summit was presented as a means of holding leaders to account for their role in building a better world.
May 20, 2023 | UK, France, Canada, Japan, US, Germany, Italy, EUI, Agriculture, Gender Equality, Climate, Global Health | Share this update
The leaders of the Group of Seven (G7) assembled in Hiroshima from May 19-21, 2023 to discuss a wide range of global issues requiring immediate and long-term attention.
On May 20, 2023, the leaders released a communiqué outlining their commitments to the international community. Among other issues, the communiqué focused on infrastructure, humanitarian crises, climate change, global health, and gender.
Key commitments included:
The G7 Hiroshima Summit 2023 was held during a tense period for both Europe and Asia. The leaders took a strong stance against further aggression and reconfirmed their commitment to promoting sustainable ODA and international collaboration.
May 20, 2023 | Germany, Agriculture | Share this update
On May 20, 2023, the G7 pledged to provide an additional US$4.5 billion for food security.
The pledgfe was made to continue the fight against the global food crisis under the Global Alliance for Food Security, which Germany initiated in 2022 under its G7 presidency. As of December 2022, US$4.9 billion had been provided provided for food security through the initiative, suprassing initial goals of US$4.5 billion.
During the summit, the heads of states also indicated their intention to further increase their efforts for global food security in their joint declaration G7 Hiroshima Action Statement for Resilient Global Food Security.
The announcedment was made during the G7 summit in Hiroshima on May 19-21, 2023 the G7 heads of state discussed a range of topics, including the war in Ukraine, global economic relations, foreign and security policy, food security, and climate protection. German Chancellor Scholz highlighted the importance of conversation with LIC and MIC partner countries and welcomed their attendance during the second day of the summit.
April 24, 2023 | France, Germany, EUI, Climate, Agriculture, Gender Equality | Share this update
On April 24, 2023, the European Commission announced EUR70 million (US$77 million) for two Global Gateway initiatives in Togo.
Broadly, the funding aims to support Togo's 2025 development plan, in cooperation with France, Germany, and the EIB. In particular, the funding was announced in relation to two agreements signed by European Commissioner for International Partnerships Jutta Urpilainen and Prime Minister of Togo Victoire Tomegah Dogbé on agriculture and electrification.
EUR30 million (US$33 million) was allocated to an agreement on developing agriculture and natural resources. Programming under this agreement adopted a holistic approach to strengthening agricultural value chains through WEE and leveraging sustainable innovations, such as solar-powered irrigation.
The second agreement received EUR40 million (US$44 million), and focused on energey and connectivity. The partnership prioritized Togo's goal of achieving 100% electrification, while sourcing 50% of energy from renewable sources.
US$ amounts are cited directly from sources; in the absence of an official conversion, they are calculated using the previous week's average of the US Federal Reserve's daily exchange rates.
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