Saudi Crown Prince Mohammed bin Salman has taken a prominent role in leading the Kingdom’s delegation at the Summit for a New Global Financial Pact in Paris, which commenced on Thursday.
The summit has attracted over 300 participants, including heads of state, directors and representatives of international organizations and NGOs, private sector partners, philanthropists, climate experts, and members of civil society.
The opening of the summit was marked by a speech from French President Emmanuel Macron, who emphasised the need for reform in the global lending system to address the interconnected challenges of climate change and poverty. He stressed that low-income countries should not be forced to make a choice between combating climate change and alleviating poverty.
The Summit for a New Global Financial Pact aims to tackle the pressing issues of climate finance and develop strategies to promote sustainable development worldwide.
The presence of Saudi Arabia’s Crown Prince reflects the Kingdom’s commitment to international cooperation and finding solutions to global challenges.
The discussions held during the summit will play a crucial role in shaping the future of global financial policies and advancing efforts towards a more sustainable and inclusive global economy.