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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June 29, 2023 | Netherlands, Germany, Gender Equality, Global Health | Share this update
On June 29, 2023, the GFF announced that the Netherlands, Germany, Ivory Coast, and World Bank are co-hosting the ‘Deliver the Future’ campaign to raise US$800 million by the end of 2023 to invest in the health and rights of women, children, and adolescents in LICs.
According to the GFF more than 60 countries, including 35 out of 36 partner countries, are off track to meet the SDG health targets for maternal, newborn, and stillborn mortality by 2030, which could cost almost 8 million lives.
Donors have donated US$2 billion since 2015, which has allowed the GFF to unlock US$32 billion for women, children, and adolescent health. For example the GFF have provided more than 500 million women with access to modern family planning, and ensured 103 million women delivered their babies safely.
The additional investment of US$800 million was projected to help the organization reach another 250 million women, children, and adolescents.
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.
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 14, 2023 | UK, France, Canada, Japan, US, Germany, Italy, EUI, Global Health | Share this update
On May 14, 2023, the G7 Health Ministers released the G7 Global Plan for UHC Action Agenda.
The plan was designed to support countries in achieving UHC worldwide and serve as a declaration of shared understanding on enhanced finance-health coordination and pandemic PPR financing.
The G7 Global Plan for UHC Action Agenda addressed eight action areas outlining the G7’s role in furthering UHC, including:
Meanwhile, the G7 has also recognized the need for enhanced finance-health coordination and global health architecture. Already, there have been efforts to strengthen global health architecture and pandemic PPR with the establishment of ACT-A, the G20 Joint Finance-Health Task Force, and the Pandemic Fund.
The Health Ministers recognized that there needs to be greater coordination between finance and health, drawing in stakeholders at the national and international levels. Moreover, they stressed the importance of domestic resource mobilization during emergencies, while maintaining strong multilateral mechanisms and financing instruments for pandemic responses and surge financing. Accordingly, the Health Ministers stated that G7 will work closely with the G20 Joint Finance-Health Task Force and other partners to achieve these goals.
April 20, 2023 | Germany, Global Health | Share this update
On April 20, 2023, the WHO opened a new mRNA Hub in Cape Town, South Africa.
The Hub was developed in collaboration with 15 companies worldwide to build up production capacities in LICs and MICs in Asia, Africa, and Latin America.
The BMZ and BMG supported the Hub with EUR5.3 million (US$5.7 million), for the analysis of intellectual property rights, markets, and sustainable business models of partner companies, as well as in the financing of preclinical studies.
In addition, Germany supported South Africa in improving the framework conditions for the extension of vaccine production, including training of professionals, the promotion of knowledge and technology transfer, and the strengthening of regulatory bodies.
April 4, 2023 | UK, France, Canada, Japan, US, Germany, Italy, EUI, Global Health | Share this update
On April 4, 2023, the Hiroshima G7 Global Health Task Force submitted its recommendations for the upcoming G7 summit to the Japanese government.
The Task Force identified two global health challenges that G7 leaders must urgently address: advancing the resilience of health systems and enhancing global solidarity.
To enhance resilience to public health emergencies, the Task Force recommended that G7 members and global health agencies coordinate their external assistance, guided by common principles such as financial sustainability. The report noted that progress in country-led efforts to achieve UHC requires addressing non-communicable diseases and promoting the harmonization of evaluation processes and accountability mechanisms.
To strengthen resilience to public health threats, the Task Force recommended scaling up long-term investments in R&D focusing on vaccines, diagnostics, and therapeutics. The report also prioritized diversification and capacity expansion in manufacturing and procurement of medical countermeasures, along with voluntary licensing and technology transfer.
The Task Force also recommended that the G7 promote a multilayered approach to global health governance, including financing, to ensure global solidarity. The report urged the G7 to push for agreement on norms for PPR in all discussions of the WHO accord on PPR and in any amendment of the International Health Regulations. It also called for innovative ways to secure sustainable funding for PPR, including surge financing through close collaboration with the G20 Joint Finance and Health Task Force.
Additionally, the Task Force recommended strengthening regional hubs to advance research, surveillance, and control of endemic and emerging infectious diseases, and sustaining global commitment to UHC and health security.
March 24, 2023 | Germany, Netherlands, Global Health, Climate | Share this update
During the UN Water Conference in New York from March 22-24, 2023, Germany and the Netherlands launched the Urban Water Calatlyst Initiative to mobilize private and public investment in climate-resilient water systems.
The initiative will assist urban water and wastewater operators in improving infrastructure and access to safe drinking water and sanitation in growing cities in LMICs. Germany provided start-up funding of EUR32 million (US$34 million); the Netherlands pledged EUR10 million (US$11 million).
February 2, 2023 | Germany, Global Health | Share this update
On February 2, 2023, German Minister of Health Karl Lauterbach announced that Germany will contribute €130 million (US$141 million) to the WHO in 2023.
Lauterbach made the pledge while meeting with WHO Director General Tedros Adhanom Ghebreyesus in Geneva on the sidelines of the WHO executive board meeting.
Lauterbach also highlighted the need to financially strengthen the WHO for it to better fulfill its role as the central actor in global health and for the world to be better prepared for future pandemics.
Germany is currently the second largest sovereign donor to the WHO after the US. During the 2020-2021 biennium, Germany was the largest sovereign donor to the WHO.
January 24, 2023 | Germany, Global Health, Gender Equality | Share this update
On January 24, 2023, the BMZ published its new ‘Shaping the future together with Africa’ strategy.
The plan forms the conceptual umbrella and strategic framework of the BMZ’s Africa policy and is an update of the previous government’s ‘Marshall Plan with Africa’.
The strategy has three overarching goals:
US$ 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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