French President Emmanuel Macron expressed his country’s support for “the full joining of the African Union to the Group of Twenty”, similar to the European Union, noting that such a move is essential in reformulating “the rules of management of international institutions.
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Macron revealed, during a press conference held on the Indonesian island of Bali, on the sidelines of the Group of Twenty Summit, about organizing an international conference on a new financial agreement with the south to be held next June in Paris with the desire to “create conditions for a real funding batch towards the south” because it “should not be We have to ask these countries to support pluralism if they are not able to address their basic emergencies.
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The French President added that this will include, especially the “evaluation” of the re -allocation of the withdrawal rights of the International Monetary Fund from the rich to the poor, pledged to cooperate with other countries, to re -allocate 30 percent of our special withdrawal rights . . . for the most fragile countries.
The French President continued, that the G20 meeting on Tuesday and Wednesday “allowed progress in the restructuring of the debts of the most fragile countries, which is an essential component of solidarity. ”
He added that: “We must get out of the current situation of the poorest countries and to mobilize the private sector on a large scale, and to fill it in all cases more for the revolution of energy, agriculture and industry” by reducing “some restrictions in obtaining financing.
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The French President added that “we must also, within the framework of this new financial agreement, must include the issue of the fragility of the climate,” explaining that “a group of sages” on the sidelines of the COP27 climate summit, held in Sharm El -Sheikh in Egypt, “delegated” in order to move forward in ” Specific financial mechanisms. “.
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