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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September 18, 2023 | EUI, Climate, Education | Share this update
On September 18, 2023, EU Commissioner for International Partnerships Jutta Urpilainen announced the formation of a forum for European private entities to support the Commission's Global Gateway initiative.
Launched at a sideline event of the SDG Summit, the initiative was intended to bolster private engagement and partnerships in EU development initiatives. Commission President Ursula Von der Leyen and Urpilainen predicted that the group will increase the impact of development partnerships across sectors, particularly education, digitization, and renewable energies.
Members were appointed to serve three-year terms, and comprised a mix of small- to large enterprises and trade groups.
August 23, 2023 | EUI, Education | Share this update
On August 23, 2023, the EIB announced an additional EUR9 million (US$9 million) grant for vocational education in Ukraine.
The grant was included in the announcement of an EIB collaboration with Ukraine's Ministry of Education and Science on implementing the country's Vocational Education and Training Program. The program was initially launched in 2021, and received funding totaling EUR58 million (US$63 million).
The additional grant funding was allocated to support technical assistance and program visibility as the VET is implemented.
July 23, 2023 | Italy, EUI, Education, Agriculture | Share this update
On July 23, 2023, Italy hosted the first International Conference on Migration and Development in Rome, Italy.
More than 20 leaders from the southern shores of the Mediterranean, the Middle East, and the Gulf participated. Also in attendance were leaders of EU port-of-entry states, partners from the Sahel and the Horn of Africa, various heads of European institutions, and heads of international financial institutions. The conference discussed and addressed roots causes of and responses to increased migration flows.
The Italian government declared the main objectives of the conference as:
The cooperation planned to integrate a new model of collaboration through initiatives and projects in six primary areas:
Italian Prime Minister Giorgia Meloni emphasized the importance of avoiding a "predatory approach" to Africa. She also noted that Italy will increase its ODA to Africa with the help of the private sector.
Meloni noted that the conference was a first step in the "Rome Process", which she described as multilateral discussions about migration and development issues in the Mediterranean and Africa.
She also announced a donor conference later in 2023 and emphasized that migration and international cooperation in Africa would be central to the Italian G7 presidency agenda in 2024.
July 13, 2023 | Spain, EUI, Education, Gender Equality, Climate, Global Health | Share this update
On July 13, 2023, the Spanish Minister of Foreign Affairs, European Union, and Cooperation José Manuel Albares and the director of AECID Antón Leis participated at the EU - CLACS Society Forum organized in Brussels, Belgium.
The meeting took place in the framework of the 3rd EU- CLACS Summit, held from July 17-18, 2023. The summit prioritized innovative solutions for sustainable and inclusive development in the LAC region.
Albares highlighted that Spain, the EU, and the LAC region share a common approach in the areas of sustainable development, democratic values, human rights, peace, and the environment.
The EU - CLACS Civil Society Forum gathered government officials, development NGOs, youth collectives and other civil society groups. The civil society forum provided the EU - CLACS Summit with ten specific recommendations on gender equality, global health, the caring economy, democratic participation, digitalization, climate change, and education.
July 11, 2023 | EUI, Education | Share this update
On July 11, 2023, the EIB announced EUR40 million (US$44 million) in financing for Tunisia.
The support was managed through the EIB Global branch, a new initiative intended to handle the EIB's development initiatives. EUR25 million (US$27 million) of the finance was provided as a grant through the Neighborhood Investment Platform.
Intended to improve the accessibility and quality of education in Tunisia, specific programs included projects to shore up school transport infrastructure, sustainable and environmentally-conscious construction of primary schools, and digital educational infrastructure.
July 3, 2023 | EUI, Education | Share this update
On July 3, 2023, EU Commissioner for International Partnerships Jutta Urpilainen announced an EUR66 million (US$72 million) investment in Niger's education and youth programs under the Global Gateway initiative.
Specifically launched under the EU–Africa Investment Package, the funding was pledged to support Niger's Education and Training Sector Plan. The plan prioritizes basic education, particularly for girls, and recognizes education as key to improving gender equity outcomes.
June 23, 2023 | EUI, Germany, US, France, UK, Global Health, Climate, Education | Share this update
At the Paris Summit for a New Global Financing Pact, the EU announced several pledges and partnerships to support partner countries in adapting to climate change.
In partnership with France, Germany, the UK, and Canada, the EU launched a new Just Energy Transition Partnership with Senegal. With the help of international development banks and other partners, the group aimed to mobilize EUR2.5 billion (US$2.7 billion) to diversify Senegal's power supply and increase domestic access to renewable energy.
The EU, via the Team Europe initative also provided an additional EUR300 million (US$328 million) to Rwanda's Resilience and Sustainability Facility. Building on existing commitments of US$319 million made through the IMF, the funding included commitments from the EIB, AFD, IDC, and other partners. The funding was allocated to projects to bolster the capacity to author and enact policy changes to respond to climate change.
Additionally, the EIB announced an EUR10 million (US$11 million) loan to Barbados for healthcare resilience. The pledge also included a commitment to improve partnership on WASH, renewable energy, and climate change.
June 16, 2023 | EUI, Global Health, Climate, Agriculture, Education | Share this update
On June 9, 2023, the EU released its New Agenda for Relations between the EU and Latin America and the Caribbean.
Announced in anticipation of the July 2023 EU-CELAC Summit, the plan prioritized building strong and holistic partnerships in the LAC region. In particular, the agenda included increased activity under the Global Gateway initiative, including:
The announcement coincided with the start of Commission president Ursula von der Leyen's trip to Latin American partners including Brazil, Argentina, Chile, and Mexico. The tour included the following key developments:
June 15, 2023 | EUI, Global Health, Agriculture, Education | Share this update
On June 15, 2023, the European Commission pledged EUR2.1 billion (US$2.3 billion) in humanitarian assistance for Syrian refugees.
The pledge was announced at the 7th Brussels Conference on Supporting Syria and the Region, which was organized and hosted by the EU in Brussels on June 13-15, 2023.
In addition to the Commission's pledge, EU Member States pledged a combined EUR1.7 billion (US$1.8 billion), bringing the bloc's total contribution to EUR3.8 billion (US$4.1 billion). In the leadup to the conference, the EU also released a report tracking ODA to the region against 2021 pledges.
The Commission's pledge targeted WASH, healthcare, education, and access to basic services. Within the package, EUR11 million (US$11 million) was allocated to the International Committee of the Red Cross to develop sustainable methods of increasing access to safe water for Syrian refugees.
May 24, 2023 | Japan, Canada, France, UK, US, Germany, Italy, EUI, Education, Agriculture, Gender Equality, Climate, Global Health | Share this update
On May 24, 2023, Civil Society 7 released its review of the May 2023 G7 Hiroshima Summit.
The report looked at six topics, including the nuclear disarmament, climate and environmental justice, the transition to a fair economy, global health, humanitarian aid and conflict, and a resilient and open society, and presented the following findings:
C7 aims to achieve a society envisioned by the SDGs that leaves no one behind, and its criticism of the G7 Hiroshima Summit was presented as a means of holding leaders to account for their role in building a better world.
US$ 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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