Summit For New Global Financing Impact : President Paul Biya’s Frontline Participation

Cameroon’s presence was remarkably felt yesterday June 22, 2023 at the opening ceremony of the two-day Paris Summit for Global Financing Impact. President Paul Biya who arrived in the French capital Wednesday took a frontline participation in the opener of the high-level conclave convened by French President, Emmanuel Macron, to seek consensus in establishing an adaptable and robust platform to deliver more resources, protect especially struggling economies from possible economic or geopolitical shocks. Having best standards of fairness in the international community that can lead to global poverty reduction so as to ensure better living standards for the world’s population is highly sought for by the Summit’s manifold participants.
President Paul Biya who was accompanied to the opening ceremony by the Ministers of External Relations, Finance and Minister Director of the Civil Cabinet as well as Cameroon’s Ambassador to France, was welcome on arrival at the event ground by French Minister for Europe and Foreign Affairs, Catherine Colonna. His overall accompanying delegation to the summit comprising among others cabinet Ministers managing the country’s economy are sharing experiences and learning from others on what could be done to rise above the challenges of climate change, loss of biodiversity, health, debt and poverty. Officials who source and manage State funds, plan for national development and execute civil engineering infrastructure of the country. Understandably so as containing poverty requires good development planning, adaptable funding and judicious use of usually scarce resources and more so in productive sectors capable of sustaining growth in the short, medium and long terms. A crucial gathering for the good of all!
The central theme of the ongoing Paris Summit which is focused on increasing financial solidarity among countries most vulnerable to climate change and other global hazards is thus evocative of the need for a new global consensus on the best means to address these challenges in the poor and emerging countries of the ever-evolving world. It is no secret that the international upheavals caused by the Covid-19 pandemic, followed by the raging Russia/Ukraine war, the worsening debt situation especially in developing countries coupled with the acceleration of global warming need to have drastic and coordinated solutions. The calibre of participants and the level of deployment in Paris raise much hopes that something great could be in the making.
The Path To Take
The opening ceremony at the Palais Brongniart here in Paris gave host President Emmanuel Macron and other speakers who took to the rostrum the opportunity to outline the height of the threats and what could be done; and in solidarity, so keep the global economy resilient to the shocks. According to President Macron, inequalities and hazards are increasing and leaders who are faced with their population in the midst of such crises need to act urgently and purposefully. He advocated heightened investments in growth-induced areas and the increasing involvement of the private sector. This...