France lobbies G7 over Africa’s debt ...Middle East

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France lobbies G7 over Africa’s debt
source : Daily Sun ( Middle East ) () 44
HIROSHIMA: The Group of Seven (G7) wealthy nations need to take more responsibility in boosting crisis financing for vulnerable countries across the world and work with them to reform the post-war financing system, French officials said.France will host on June 22-23 the “Summit for a New Global Financial Pact”, which will tackle reform of multilateral development banks (MDB), the debt crisis, financing for green technologies, the creation of new international taxes and financing instruments, and special drawing rights.“It’s urgent for us to act and rethink collectively the international financing architecture,” a French presidential official said, adding that Paris had lobbied its G7 partne

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