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Subtitles
Russian
00:00:01
place of financial innovation for00:00:03
more than two centuries since it is here00:00:05
that the Paris Stock Exchange was held you00:00:08
will findset in it also mowing00:00:11
Frenching00:00:14
and to begin our sleep for a00:00:17
new global financial pact00:00:20
financial impact so that our00:00:21
financial system can better protect the00:00:23
well-being of populations and better00:00:25
protect our planet I00:00:27
now call on stage Mr.00:00:30
President of the Republic Emmanuel00:00:31
Macron00:00:32
[Applause]00:00:37
thank you very much00:00:39
Ladies and Gentlemen Heads of State00:00:42
and government00:00:44
Ladies and Gentlemen heads00:00:46
of organizations and00:00:47
international financial institutions ladies and00:00:50
gentlemen ministers Ladies and00:00:52
Gentlemen Ambassadors ladies and00:00:54
gentlemen first of all I wanted to00:00:55
thank you for your presence00:00:57
today in Paris00:01:01
and thank you all00:01:03
for your commitment in this fight00:01:06
against poverty and the fight for the00:01:08
planet00:01:09
it is an honor for us to host00:01:10
this summit for a new00:01:12
global financial pact00:01:14
so I first want to emphasize that this00:01:16
summit and yours00:01:19
is- that is to say that of00:01:22
all those who are on the front line00:01:24
facing their population and their planet00:01:26
which is deteriorating and what we want to00:01:29
build here at a time when the risks00:01:31
of division are great is in fact00:01:34
a new consensus but which is00:01:36
not dictated from one place but which is in00:01:39
some way carried by those00:01:41
who are experiencing the consequences of00:01:43
climate change and00:01:45
disruption and who have to fight at the00:01:48
forefront in the face of poverty and its00:01:50
consequences00:01:52
the objectives of sustainable development00:01:54
have given us a tremendous boost the00:01:56
secretary general next September00:01:58
will organize an important summit before00:02:00
next year's summit we00:02:02
also know that we have meetings which00:02:05
will structure the agenda the COP by the00:02:08
end by the end of the year the G20 and00:02:12
today we must00:02:14
succeed in having some00:02:16
clear objectives despite this mobilization despite00:02:19
also what we have collectively00:02:20
managed to obtain and Montreal in terms00:02:23
of biodiversity00:02:24
if we look at things in the face00:02:28
inequalities increase vulnerability00:02:30
climate further adds to the risk and00:02:34
our world is subject to increasingly greater shocks00:02:39
the pandemic has increased these difficulties00:02:43
a disorganized global recovery00:02:45
also and now the00:02:50
war in Ukraine following00:02:52
Russian aggression and numerous destabilizations00:02:58
for this we have a00:03:01
financial system which is the fruit of a00:03:04
past consensus which has shown its00:03:06
effectiveness which has provided00:03:09
extremely substantial aid during00:03:12
past decades but which is00:03:14
undoubtedly no longer going fast enough which is no longer00:03:16
entirely adapted and which we must align00:03:18
with our objectives, this is why00:03:21
we proposed00:03:23
a new global financial pact last year in Bali,00:03:26
this must be built firstly on the00:03:28
expectations of the populations and I want to00:03:29
salute our youth all over00:03:33
the world who contributed to the00:03:34
preparation of this summit the00:03:36
non-governmental organizations the00:03:38
civil societies they must continue00:03:40
to be at the heart of this project I will00:03:42
also thank dear Mia the Prime00:03:45
Minister of Barbados who was00:03:47
decisive and with her agenda she00:03:50
began to structure things in00:03:52
particular in terms of00:03:53
climate vulnerability and then thank all the00:03:56
representatives here also from the00:03:58
African continent as well as from the00:04:00
Pacific and Asian South American continent,00:04:03
President Bazoum of Niger dear Mohamed00:04:06
will come in a moment to also explain to us the00:04:07
consequences and all the issue00:04:10
of the fight against poverty I want to00:04:11
thank him here for it00:04:14
I will be very short I think that00:04:17
the round tables will allow us00:04:18
to move forward on many subjects but00:04:21
basically there are four very simple elements00:04:23
that I wanted to ask at the beginning of this00:04:24
conference00:04:26
first of all the first principle00:04:29
is that no decision maker no00:04:31
country should ever have to choose between00:04:34
reducing poverty and00:04:36
protecting the planet and I have heard00:04:39
many decision makers in recent months00:04:41
sometimes in recent years very00:04:43
often say basically you explain to us00:04:45
you who have already solved the problem of00:04:48
poverty what should be done in00:04:50
terms of climate transition what00:04:52
are the choices that we should take but00:04:54
we have not yet solved the00:04:56
problem of poverty we must not00:04:58
have to make this choice and therefore we must be00:05:00
able to meet the challenges at the same time00:05:04
second principle each country must00:05:07
sovereignly choose its path00:05:10
there is not a single model and I00:05:13
think it is important that we00:05:15
respects here00:05:16
the very unique paths that countries00:05:19
must be able to follow according to their own00:05:21
model00:05:22
and as a result this new international financial pact00:05:24
must be much more00:05:25
respectful of everyone's sovereignties, this is00:05:29
what we have put00:05:30
at the heart of the transition agreements for00:05:33
energy the jetpi South Africa00:05:36
among others by assigning with the00:05:38
international community this is what00:05:40
we have also put at the heart of our00:05:42
partnerships for00:05:43
positive conservation Gabon is in the process of00:05:46
finalizing one also to protect its00:05:48
biodiversity I believe that it is the00:05:49
method which is the most respectful of00:05:52
this sovereignty third principle00:05:55
we must assume a shock of00:05:58
public financing in the face of these challenges00:06:00
poverty00:06:02
climate and biodiversity at the same time we00:06:06
must invest much more and we00:06:08
are not at the meeting and therefore this00:06:09
concessional shock must involve00:06:12
more national mobilization00:06:13
that of regional organization and Nono00:06:16
financial structures but also00:06:18
better mobilization of00:06:20
multilateral institutions and I want to00:06:22
salute the role of the Managing Director00:06:24
of the IMF in recent years with00:06:28
among others this00:06:30
relocation allocation of special drawing rights00:06:32
and salute the new president of the00:06:34
World Bank engaged on this path00:06:37
with I believe during the summit a00:06:39
new partnership which will be able to be00:06:40
sealed and which will allow us to engage00:06:42
our multilateral financial institutions much more00:06:47
and then the fourth principle is00:06:50
that we need a lot more00:06:51
private sectors and I think we have to00:06:54
be very honest there is a lot of00:06:55
liquidity in this world there is a lot00:06:57
of money00:07:00
I don't think we will be able00:07:03
to completely change the system00:07:05
because I know that this is the aspiration of00:07:06
some but I think that we can00:07:08
make it work much better if this00:07:11
money and its liquidity are at the service00:07:12
of the progress of the planet and this00:07:14
double challenge that I I mentioned poverty and00:07:18
climate biodiversity00:07:20
and therefore for this we need to00:07:22
mobilize a lot more00:07:24
private financing towards developing countries,00:07:26
middle-income countries,00:07:28
large emerging countries and today the00:07:30
private sector is not quite00:07:31
there. you and therefore we need, through the00:07:34
discussions we have had in recent00:07:35
years, to crystallize instruments and00:07:38
basically financial innovation as00:07:40
they say but who is intended to do what00:07:42
to remove the part of risk which makes00:07:45
certain major financiers are not going00:07:47
in certain countries to put in place00:07:49
guarantee mechanisms which00:07:51
allow them to expose themselves more but00:07:53
basically this international private finance00:07:55
which is there must be better00:07:58
mobilized towards the countries which need it the00:08:00
most and for that that we manage to00:08:02
be collectively innovative that we00:08:04
support them that we remove the risk which00:08:06
must be removed to allow the00:08:08
triggering of this financing but00:08:09
without the private sector make sovereign00:08:11
philanthropic organization great to00:08:13
this manager we will not take up this00:08:16
challenge00:08:17
there what I wanted to tell you to00:08:18
start this summit with these four00:08:20
principles which I believe must00:08:22
structure our action for me this00:08:24
meeting must be that of solutions and00:08:27
therefore we must during these two days00:08:29
release mobilizations from00:08:33
commitments from new instruments from00:08:35
new mobilizations j I will00:08:37
list them tomorrow but very00:08:39
concrete solutions which must change life on00:08:43
the ground in the countries which are facing these00:08:45
challenges. It is in this area that we will be00:08:48
judged because we will have to00:08:50
report and I will also propose to you00:08:51
tomorrow a monitoring mechanism so that we00:08:55
can see if these two days00:08:57
meet the ambition that we00:08:58
must have I will not be any longer00:09:00
ladies and gentlemen thank you again00:09:02
for being here today and basically this what00:09:04
matters to me is the general mobilization00:09:06
for the challenge that is ultimately ours,00:09:10
our compatriots all over the00:09:13
world and our planet because these00:09:15
two objectives are twins, thank you00:09:18
and have a good sleep,00:09:26
thank you, Mr. President, you have just mentioned it.00:09:28
say we are here for our00:09:30
future we are here because we00:09:32
believe in unity and we believe in00:09:34
global cohesion I would like to call00:09:36
on stage now a young African00:09:39
who comes from Uganda who since 2019 but00:09:43
on the front of the stage the need00:09:46
of the fight for the climate against00:09:49
poverty in her country I call on Vanessa00:09:51
Nakate to join us she has been fighting00:09:54
since 2019 for the voice of00:09:57
youth to be heard she founded a00:09:59
rise up movement she wrote a book00:10:01
ecology without borders and this morning she has00:10:04
things to tell us Vanessa, take00:10:07
the floor00:10:23
ladies and gentlemen I would like to00:10:26
start00:10:28
by asking you all for00:10:34
a minute of silence for all00:10:37
those around the world who are00:10:38
already suffering00:10:41
who are hungry00:10:43
who are displaced00:10:47
who are leaving the school00:10:49
[Music]00:10:50
whose entourage forces them into00:10:55
forced marriages and who are victims00:10:57
of history those who no00:11:01
longer have hope and who die00:11:04
due to the devastating effects of00:11:08
climate crises00:12:16
around the world All00:12:19
people are losing00:12:22
their resources and more and more are losing00:12:25
their lives due to dependence on00:12:29
fossil fuel. More than 46 million00:12:31
people in Africa00:12:34
are facing crisis levels of00:12:37
food insecurity00:12:39
following years and years of00:12:43
drought due to climate change00:12:47
Canada is burning and tens of00:12:50
thousands of people have had to be00:12:51
evacuated00:12:53
and lost their homes lost their00:12:56
communities00:13:00
heat waves have pushed India00:13:04
to levels that endanger00:13:07
human survival in the Atlantic00:13:10
storms are increasing and heading00:13:12
towards the Caribbean but it is00:13:14
only June00:13:18
people die every year00:13:24
after breathing the air which is polluted00:13:27
by forest fires caused by00:13:31
fires and pollution linked to climate change00:13:37
are the challenges difficult00:13:39
to envisage so I would like to talk to you00:13:42
about just one person it is a00:13:44
6 year old boy00:13:45
last September I spent00:13:48
a few days with nicef in00:13:52
kanakil in the Horn of Africa I have00:13:55
met people who are suffering from the00:13:57
incidents of00:13:59
four rainy seasons which have not00:14:02
happened four successive years I have00:14:05
spent time with people who have not00:14:08
nothing done to be responsible for the00:14:11
air conditioning of the climate crisis but they are00:14:13
the first victims of what is00:14:15
happening I spent time00:14:16
with mothers who are desperately trying to00:14:20
make their children survive00:14:23
who are struggling to find food to00:14:26
feed and find water to00:14:28
allow their children their family00:14:30
to survive a week a day or even00:14:32
an hour00:14:36
I spent time with their children00:14:38
who are not clinging to life00:14:43
I spent time with children in00:14:46
hospital00:14:47
where children suffer from00:14:49
severe malnutrition and are not treated00:14:54
the families of these children do not have00:14:56
access to the most basic care00:14:59
and the children are victims00:15:03
at sunset sunset that00:15:06
evening00:15:08
that little boy was dead00:15:12
this is just one example of00:15:14
how climate change is00:15:17
affecting people all over the00:15:19
world and particularly in the south00:15:23
what is happening in the horn of00:15:26
africa and other00:15:28
vulnerable countries and more than terrifying00:15:34
but this is not an inevitability00:15:38
and we must not accept this00:15:40
inevitability last year the00:15:43
United Nations General Assembly declared that00:15:46
everyone on the planet has the right to00:15:50
a healthy environment00:15:53
only one country which voted against this00:15:56
resolution00:15:57
this historic decision00:16:00
which recognized the fundamental right00:16:03
of every human being to breathe00:16:05
clean air was put forward by00:16:08
the World Health Organization00:16:11
and as we know00:16:15
these are the results of00:16:17
fuel fossil which pollutes00:16:20
the environment00:16:23
the citizens of the world00:16:26
if we do nothing will see their00:16:28
rights violated we have countries in the00:16:32
four corners of the earth which must00:16:34
offer a better life so citizen00:16:36
but he persists in burning oil and to00:16:40
burn gas when we talk about00:16:42
development we cannot tolerate that00:16:45
millions of people breathe00:16:47
polluted air00:16:48
when we talk about development we00:16:51
cannot tolerate that millions of00:16:52
people are pushed into famine00:16:56
after years of00:16:59
agricultural problems when we are talking about00:17:02
development we cannot tolerate that00:17:04
island states00:17:07
suffer in their economy and in their00:17:10
survival due to the increase in00:17:13
storms and rising water levels00:17:17
we can imagine development without00:17:19
fossil fuels we can imagine00:17:22
development with clean energy I00:17:25
am not a finance expert00:17:29
and I am not an energy specialist00:17:32
very often leaders00:17:37
tend to say that young people do00:17:39
not understand the complexity and00:17:41
financing necessary for the transition00:17:44
which I do know on the other hand it is that we00:17:45
cannot imagine setting up a00:17:47
global financial pact without00:17:49
thinking about how to get rid of00:17:52
fossil fuels; we cannot00:17:54
continue to talk about these subjects without00:17:56
having the well-being of people at heart00:18:00
according to the Organization international00:18:02
energy 70 million people00:18:04
live without access to electricity,00:18:06
particularly in Africa and Asia,00:18:10
for decades the big00:18:12
oil companies have claimed that00:18:16
fossil fuels would be00:18:18
synonymous with development for00:18:20
populations in the southern hemisphere or we00:18:23
know that it is a lie00:18:26
will never power the small00:18:29
villages of the southern hemisphere00:18:32
most00:18:34
of the fossil fuels will end up00:18:38
abroad and00:19:50
fossil fuels00:19:57
are the desperate warnings00:20:00
of the most reliable scientists in the00:20:03
world00:20:04
enough to stop and to convince our00:20:07
leaders not at00:20:09
ronchell pipi00:20:13
and the other companies represent00:20:15
profits of 55 billion dollars00:20:18
simply for the second quarter of00:20:20
202200:20:23
broke their promises00:20:27
in fact they announced continued the00:20:30
production of fuel to be able to00:20:32
continue to develop their profits these00:20:35
are promises which are broken and00:20:37
which are00:20:39
synonymous with lost life00:20:42
at the same time governments00:20:45
continue to subsidize00:20:48
fossil fuels to the tune of00:20:52
130 billion dollars 1300 billion00:20:55
dollars we are talking about00:20:57
1300 billion dollars but we know that00:20:59
the costs in terms of health that I have00:21:01
therefore by atmospheric pollution00:21:03
represent 8000 billion dollars per00:21:06
year, that is to say 6.1% of the world GDP00:21:18
which have been identified how many00:21:22
seasons of depollutants to accomplish with a00:21:23
such an amount there is no shortage of money00:21:28
so don't come and tell us that we00:21:30
must accept toxic air00:21:32
atmospheric pollution00:21:35
poisonous waters in exchange for pseudo00:21:39
development00:21:44
all the decisions you are going to00:21:45
take here at this summit00:21:49
must have the people00:21:52
populations the idea is to help people00:21:55
to help vulnerable people you00:21:58
must reach out to them00:22:01
you must have at heart those00:22:04
who are at the forefront of the fight00:22:06
against climate change you00:22:08
must ensure that00:22:10
development is brought to the00:22:13
populations who need it without00:22:15
digging new00:22:17
oil wells without endangering their00:22:21
economies their survival00:22:23
without condemning them to00:22:26
even more serious impacts of climate change00:22:29
you must ensure that00:22:31
polluters pay you must cancel the00:22:34
debts00:22:36
and you must ensure that00:22:39
climate finance00:22:42
goes to those who were not00:22:45
at the origin00:22:46
of the reasons why00:22:48
climate change is a is a00:22:50
crisis you must think in terms of00:22:52
billions of thousands of billions and00:22:54
not in terms of millions you must00:22:56
ensure that the communities that00:22:58
need it most are funded and you00:23:01
must keep in mind that more00:23:03
fossil fuels equals00:23:06
more results in more losses more00:23:09
damage you have considered a00:23:11
new financial pact and in doing so00:23:14
you must ensure that this is00:23:19
an impact which is accompanied by a00:23:21
gradual disappearance of baby00:23:24
fossil fuels replaced by00:23:28
renewable sources00:23:31
recently during the Coop we have said00:23:34
that a demise of00:23:36
fossil fuels was an inevitable reality00:23:42
you must and you can make it00:23:45
happen now rather than00:23:47
delaying it while this sleep is00:23:49
held people are dying the little boy00:23:52
I met00:23:58
the secretary general of the United Nations00:23:59
was right00:24:04
any additional spending on00:24:06
fossil fuels is00:24:09
just madness let's put an end to this madness00:24:13
let's make sure that people are00:24:15
privileged that we think of people00:24:17
before we think of profit let's make sure00:24:20
that this little boy who died00:24:23
be an example00:24:26
the populations of the world are counting on00:24:28
you00:24:30
the populations of the world are watching you00:24:32
remember00:24:36
these are the people00:24:39
these are us we are these people thank you00:24:43
[Applause]00:24:59
after these moving committed words Vanessa00:25:03
only has as she said she is not a00:25:04
financial expert we are nevertheless00:25:07
lucky to have with us two great00:25:09
economists nickstern and Amar batacharia00:25:12
who last year with Vera Sango and00:25:14
who unfortunately is not with us00:25:15
this morning we presented at cop27 a00:25:17
report that changed the00:25:19
global conversation on climate finance a00:25:22
landmark report and we are00:25:24
lucky to have you with us so that00:25:26
you can present to us the needs00:25:27
of today and the needs of tomorrow00:25:29
thank you00:25:33
thank you thank you Vanessa you have given us00:25:36
hope00:25:39
it is now up to us to00:25:42
rise to the challenge that you are00:25:44
throwing at us President00:25:46
thank you Mr. President for this00:25:48
initiative of first importance and00:25:51
thank you for inviting us00:25:52
to form this trio to talk about this00:25:58
financial aspect during this important event00:26:02
Coop 26 and cop27 and then00:26:06
now the presidency of cop2800:26:08
urges us to carry out this00:26:11
work unfortunately00:26:13
all those who I would have liked to00:26:15
associate with my remarks cannot be00:26:16
with us today Today, ladies and00:26:18
gentlemen, funding00:26:21
[Music]00:26:24
to be more resilient, more resistant to the00:26:27
crises00:26:28
we are facing and to live00:26:31
up to the development objectives00:26:32
that we have set for ourselves, but00:26:33
also to act in a more urgent00:26:35
in terms of reduction00:26:38
climate change mitigation this requires00:26:39
ambitious action or an increase of00:26:41
2.3% two or three percent of GDP the00:26:45
world is at a00:26:47
significant commitment from countries that need it00:26:54
to live up to the ambitions but00:26:58
also ensure that we put00:27:00
behind us the destructive models00:27:02
of the past that we become more00:27:04
constructive and more resilient if we00:27:08
are to live up to this00:27:09
ambitious ambitious00:27:13
firstly change things00:27:15
systemically things are00:27:17
not simple but an approach00:27:18
non-realistic would consist of not00:27:21
being up to the task we cannot00:27:23
wait00:27:24
so here are the figures overall00:27:27
expenditure to achieve the00:27:30
objectives will have to be double00:27:32
that which was before00:27:36
that is to say00:27:38
5000 billion00:27:40
5300 billion by 203000:27:46
economic it will be necessary to increase00:27:49
by two multiply by 4 to arrive at00:27:54
1300 billion dollars00:27:57
we think that we need 1400 billion00:28:00
dollars which must be granted00:28:03
by internal mobilization including one00:28:07
billion per year to00:28:09
devote sufficient financing for00:28:12
the fight against climate change00:28:17
of dollars will have to be granted by00:28:19
the multilateral development banks,00:28:21
namely three times the00:28:24
current level00:28:25
500 to 600 billion dollars will have to00:28:28
return private financing,00:28:30
namely an increase of 5 compared00:28:33
to the situation and 200 billion in00:28:37
concessional financing in order00:28:39
to increase current mobilization and00:28:42
ensure that we live00:28:44
up to these ambitions in order to00:28:45
arrive at a figure of 1000 billion.00:28:49
This quantitative framework is equally00:28:53
taken up by a note that you you will find00:28:56
on the site disorganizers of this00:28:59
event these are00:29:00
important figures but let's say it these are00:29:02
essential figures not only00:29:04
for the objectives of Paris but also00:29:05
for the odd these are figures which00:29:08
are essential for our00:29:09
growing values development and reduction of00:29:12
poverty of those who are strong00:29:15
objectives on which we00:29:16
cannot go back there is no00:29:17
incompatibility between action against00:29:20
climate change and reduction of00:29:21
poverty I thank you00:29:26
for giving me this opportunity to00:29:29
share this tribunal with him00:29:32
which is with us here00:29:35
so I would like to say that the first00:29:37
crucial step is a symbol that is a00:29:40
symbol of growth of confidence00:29:43
is to meet the00:29:45
long-standing commitments of farmers development to00:29:47
provide developed countries to provide00:29:49
hundreds of millions of dollars00:29:51
for climate development00:29:55
donors have committed to providing00:29:58
these00:30:00
hundreds of millions in 2023 and00:30:03
G7 leaders repeated this commitment00:30:06
from the Hiroshima Declaration00:30:18
climate improves and00:30:21
improving00:30:22
mobilization efforts all this suggests that there is has00:30:25
a good chance of meeting these00:30:27
climate commitments in 202300:30:29
and then00:30:32
starting to imagine a00:30:35
much broader action agenda00:30:36
there are six key priorities for00:30:40
our action agenda going forward the00:30:42
first being00:30:45
to establish a common framework00:30:49
to accelerate actions and00:30:51
financing towards platforms00:30:54
led by countries which are supported00:30:56
by regional platforms00:30:58
partnerships for a00:31:00
just energy transition are examples of00:31:03
this type of platform00:31:05
we must also secondly fight00:31:09
against the indebtedness of poor countries facing00:31:13
climate change and we00:31:16
will then have to break the vicious cycle00:31:19
between climate and vulnerability00:31:21
to debt as has just been said00:31:23
thirdly we must strongly00:31:27
improve our support for00:31:32
developing more00:31:33
national resources at both00:31:36
public and private levels and also fight against00:31:38
illicit flows of capital00:31:44
which are unnecessary and accelerate00:31:47
carbon taxation must be our00:31:49
priorities fourthly00:31:54
develop the potential of00:31:57
development banks as well as the00:31:59
financial system in general and this00:32:02
therefore means that we ensure that they00:32:06
can support the multiplication00:32:09
of investments to unlock00:32:12
new investments we also have to00:32:13
mobilize low-cost capital from their00:32:16
own resources00:32:19
catalyze private financing00:32:22
towards risk management and sharing00:32:24
and also reduce the cost of00:32:26
capital00:32:34
additional financial resources will be required even if we use00:32:38
the available financial resources more efficiently00:32:39
already00:32:41
fifthly we must also create00:32:43
a new highway of00:32:45
financial financing private financing because00:32:48
private financing will have to be the00:32:50
greatest contribution to this00:32:52
increase this means that the00:32:55
private sector governments00:32:58
mineral development banks00:32:59
must join forces and co-create00:33:02
investment opportunities fight00:33:05
against obstacles also here in particular00:33:07
political or00:33:08
regulatory obstacles and bring down the cost00:33:11
of capital in particular00:33:13
with a mixture of00:33:16
finance and risk sharing and00:33:19
as the year President Macron this00:33:21
means a greater role much00:33:23
greater guaranteed and we must explore00:33:26
new mechanisms mechanisms00:33:27
in particular for the risks of China yes00:33:29
finally we must include broadening the00:33:34
scope and the scale of concessional financing00:33:41
in a used manner new00:33:43
donors but also new00:33:45
sources of financing in particular by00:33:48
making greater use of special drawing rights00:33:50
carbon markets00:33:53
private philanthropy00:33:56
and also pursuing options for00:33:58
all these or throughout the world00:34:01
possible fuels particularly in the00:34:03
aviation sector and maritime00:34:08
but these are essential steps and00:34:11
under the leadership and commitment of00:34:14
President Macron00:34:16
and which we see here in this summit00:34:19
also all this is possible thank you thank00:34:24
you very much unique and Amar first of all to00:34:27
tell us that the commitments made are00:34:30
well on the way to being held and also00:34:32
to call us to action so00:34:34
I am now calling on Mr.00:34:35
President of the Republic of Niger00:34:36
Mohamed Bazoum will join us you00:34:39
are at the head Mr. President00:34:40
of a country of 26 million of inhabitants who00:34:42
every day know the consequences00:34:44
of the climate the consequences of00:34:45
poverty the consequences of00:34:47
drought lack of water00:34:48
food insecurity and as00:34:50
Vanessa told us we are first00:34:51
here to talk about men and women00:34:53
have their say00:35:00
Ladies and Gentlemen heads of state00:35:02
and government00:35:04
Ladies and Gentlemen heads of00:35:06
international institutions ladies and00:35:08
gentlemen00:35:10
on the punctual path of the00:35:13
decisive summits this Paris summit Marc an00:35:17
important milestone following in particular the00:35:20
coast of Paris on the climate of 2015, the00:35:23
United Nations 20 30 agenda and00:35:26
the African Union agenda 2063,00:35:30
it is an important step before the00:35:33
COP28 in Dubai and the G20 in New Delhi which00:35:37
will engage our common future, so I welcome00:35:40
this initiative00:35:44
of the French Republic and00:35:47
also thanks him for inviting me and00:35:51
giving me the floor at this opening ceremony00:35:54
the mission of this summit00:35:58
is that my00:36:02
global precedent in order to respond to00:36:06
the great multidimensional crisis which00:36:08
appears from the desert the global financial system00:36:09
and bring the world to the brink of00:36:12
peril the response is an opportunity in the face of00:36:18
emergencies00:36:19
alongside emergencies there is the essential00:36:22
design a fairer and more00:36:25
resilient system to avoid the string of00:36:28
decadal crises of the succession of00:36:29
reforms definitive supposed the return00:36:32
for more than a century00:36:34
to this end is to arouse the adhesion00:36:37
a collaborative and00:36:40
intrusive design of the00:36:41
public and private stakeholders will allow to fix00:36:45
by iteration the terms of pact in a00:36:48
fair and robust way00:36:51
I therefore welcome the approach holistic00:36:53
coherent putting finance at the00:36:55
service of the real economy of this00:36:57
summit which wants to start at a level a00:37:00
new global financial pack around00:37:02
dealing with the major challenges of our00:37:05
time00:37:06
for me president of a country00:37:09
financially poor but not deprived00:37:12
of natural resources and even00:37:14
why not00:37:17
[Music]00:37:19
the previous agendas and objectives00:37:24
within the framework00:37:33
of an agreement in principle for a00:37:35
certain flexibility and room for00:37:38
maneuver allowing00:37:41
regional and local00:37:43
development objectives to be achieved while respecting00:37:45
global constraints00:37:47
and that ladies and gentlemen00:37:50
allow me here00:37:52
to provide a personal testimony on00:37:55
climate change and its impacts00:37:57
throughout my life I am experiencing a00:38:00
succession of droughts depriving the00:38:04
septels of pasture and the peasants of00:38:06
school I want the earth candle of00:38:10
some decimated from the regions given over to00:38:13
famine and00:38:15
the shanty towns are growing00:38:20
[Music]00:38:22
by desertification pastoralism00:38:26
is called into question by the development of00:38:29
biodiversity00:38:31
and the best grasses on which00:38:34
the animals lived have disappeared, leaving00:38:37
room for the most resilient00:38:39
practically clouds of leaves without00:38:42
any form of nutritional value and00:38:45
far away in the Sahel the time when the cow00:38:50
reproduced on average every year00:38:52
while producing milk for 900:38:55
months00:38:56
the rule today is that it00:38:59
reproduces every the two years for a00:39:01
production of them reduced by half and00:39:04
which really only lasts a few00:39:06
short months this is what explains why00:39:10
the Sahel is no longer synonymous with00:39:13
drought but also and above all00:39:15
unfortunately with violence the00:39:18
drought has generated violence as its00:39:23
natural consequence00:39:25
these are00:39:26
largely the chained effects00:39:29
of climate change which is in fact00:39:32
observable by each of us the00:39:35
migration crisis and the food security crisis00:39:38
by the economic climate crises00:39:41
and demography its other00:39:44
daily reality that the00:39:46
international community is must look with00:39:50
discernment and responsibility00:39:54
in my country at the uncontrolled demography00:39:57
and the preponderant factor00:40:00
fueling poverty on which00:40:02
the other migratory00:40:05
security and environmental crises are grafted,00:40:07
notably00:40:08
by gaining independence in 1960,00:40:13
Niger had 3 million inhabitants00:40:16
today 'today it meets, as you said,00:40:19
26 million with the current rate of00:40:22
growth we will be around 7000:40:26
million by 2050, that is to say00:40:30
tomorrow00:40:31
without an intelligent policy of00:40:35
demographic management all the efforts of00:40:38
development and eradication of00:40:41
poverty will be 2000:40:43
our current growth rate00:40:45
reflects the fact that00:40:48
77% of girls marry before the00:40:52
age of 18 and 28% marry before their 15th00:40:56
birthday00:40:58
the only sink00:41:00
the only lever we can00:41:02
pull to deal with this00:41:04
situation and that of the education and00:41:09
training of young girls in00:41:12
particular which makes it possible to control the00:41:15
demography which makes it possible to control the00:41:18
demography to create jobs and to00:41:21
benefit from the00:41:23
demographic dividend in the process00:41:30
but this is the price to be paid. pay so that in00:41:34
poor countries and in the Sahel in particular00:41:44
to talk about illegal migration of00:41:49
violence00:41:50
to poison the political debate in00:41:52
Europe and elsewhere and to live the00:41:56
horrors of the situations that we00:41:58
are faced with today it is00:42:00
only a question of thinking about what is needed to00:42:02
think about what is happening suddenly to00:42:04
take stock00:42:07
of the dangers to which we are exposed00:42:09
not only in Africa throughout the world00:42:12
today, excellence ladies and00:42:15
gentlemen, what I have just said00:42:17
shows very clearly that the Sahel is00:42:20
an area of the planet which will have been00:42:22
the most disturbed by the effects of00:42:25
climate change00:42:27
we must be particularly careful that we do00:42:31
not fall victim to programs00:42:33
designed as part of the00:42:36
climate transition our debate on these questions00:42:39
is a debate which remains polemical00:42:44
c It is for this reason that like all00:42:46
other poor countries we will be opposed00:42:49
to any policy aimed at depriving us00:42:52
of the use of fossil fuels00:42:54
contained in our subsoil and00:42:57
the only acceptable solution00:43:00
acceptable solution is the one which00:43:04
allows us to achieve the objectives of the00:43:06
different agendas at the same time therefore00:43:09
basing this on00:43:12
solidarity and well-understood complementarity00:43:17
made effectively by a policy00:43:20
of generalized equalization the00:43:24
implementation of the new pact will involve the00:43:28
construction of a00:43:30
bold and innovative toolbox in00:43:32
legal regulatory terms and00:43:35
financial engineering in this toolbox00:43:39
existing financial instruments must00:43:41
be improved others created to better00:43:45
share risks and results taking into00:43:48
account00:43:50
climatic and00:43:51
environmental factors and constraints as well as other00:43:53
externalities in the valuation and00:43:56
coverage of risks00:43:58
it will include in particular the00:44:01
monetization of00:44:05
carbon quotas and SDRs more specifically the00:44:10
new pact must make concrete and00:44:12
operational the aid provided for00:44:15
by the Paris and Glasgow agreements00:44:18
in favor of poor countries which reach00:44:21
be implemented beyond00:44:24
Niger we have in Africa a00:44:26
large and rapidly growing population00:44:29
our needs to finance00:44:32
infrastructure and basic services00:44:34
in energy water food00:44:37
health transport new00:44:40
technologies and education00:44:42
are imperative and incompressible our00:44:47
fundamental needs must be00:44:49
satisfied before any decline because00:44:53
as we say in our country a cow that00:44:56
has drunk and a thirsty cow do00:44:58
not walk together00:45:00
there is for us therefore a00:45:03
short term emergency in the emergency overall that00:45:06
of mobilizing funds to meet00:45:09
our development imperative and00:45:12
our demographic and security challenges,00:45:15
it is necessary to purchase in particular00:45:18
increase the financing capacities00:45:21
of multilateral00:45:25
development banks by increasing00:45:28
capital in order to have a leverage effect00:45:31
to increase their financing capacity00:45:34
I would like to emphasize in00:45:37
particular the need to00:45:40
mobilize greater resources00:45:42
for the benefit of IDA.00:45:46
Multinational banks must also00:45:48
benefit from the reallocations of SDRs which00:45:52
have been used until now.00:45:56
Countries like Niger must benefit00:45:58
from the instruments. of guarantee Mr.00:46:00
Stern and his companion have just00:46:02
reminded us, we must therefore allow00:46:04
countries like Niger to benefit from the00:46:07
financing guarantee instruments to which we00:46:09
can claim and reduce00:46:12
excessive risk premiums00:46:17
the private sector in this fight against00:46:21
change00:46:24
[Music ]00:46:30
[Music]00:46:35
on the occasion of all the meetings00:46:37
that we hold but these blows are00:46:41
today00:46:43
increasing and do not often reflect00:46:46
the macroeconomic fundamentals of our00:46:49
countries there are even for this summit Mr.00:46:52
President Macron great risks00:46:55
that we continue with the00:46:57
incantations but I think that we have00:47:01
already organized too many meetings for00:47:05
us to be able to repeat00:47:08
the same things indefinitely so it is a question of00:47:11
taking action ladies and gentlemen00:47:14
we have a planet there is none00:47:18
others of replacement we must00:47:22
[Music]00:47:24
of historical inflection00:47:26
on a global scale00:47:28
in this era of rupture of models00:47:30
and of transition the tinkerings and the00:47:34
patches are no longer appropriate we00:47:37
must abandon the dogmas and the00:47:40
certainties embracing again00:47:42
paradigms more in line with our reality00:48:01
thank you very much I am00:48:03
the President you spoke of threats00:48:04
there are indeed new00:48:05
vulnerabilities and I would now like to00:48:08
call on stage the Prime Minister00:48:10
of Barbados but to moteling whose00:48:13
ardor and perseverance we know and00:48:16
who during cop27 to launch the Breakout agenda00:48:21
for multilateral institutions and00:48:24
to have you here with us and those who00:48:27
have followed you for several months is00:48:29
important and therefore it is your turn00:48:33
[Applause]00:48:40
[Music]00:48:47
[Music]00:49:25
with our hearts00:49:35
[Music ]00:49:37
of the00:49:45
common past that we share00:50:28
yesterday I had to decide if I should stay00:50:32
in my country or leave we have something else00:50:36
I decided to stay00:50:39
and00:50:42
yes00:50:43
because it is important to take00:50:46
action00:50:52
decrease there is a new system and00:50:55
this must be our reality00:50:59
this morning we learned from Vanessa00:51:02
thank you by the economists00:51:08
of Niger00:51:14
true expressed with feelings and00:51:17
clearly Emmanuel00:51:26
because for me it is sleep which I00:51:29
asked you how00:51:31
dare -you create this sleep how dare you00:51:33
upset the order00:51:40
and we all call here00:51:49
we will have the abilities and the will to00:51:57
resolve the problems on one and00:52:02
expand the scale of the action I00:52:04
can tell you that there was already from the00:52:06
movement nine months ago no one00:52:08
was talking about closure on00:52:11
natural disasters today00:52:13
we have people who want to00:52:15
recognize their existence because00:52:18
people want00:52:22
payments to be made to00:52:25
people who are victims of the climate crisis00:52:32
it there are also those who suffer from00:52:35
droughts as in the case in00:52:38
Malawi but the system does not work00:52:39
as well so it must be improved00:52:42
9 months ago no one was talking about00:52:45
reform of the00:52:47
multilateral development banks of00:52:49
large scale reform scale00:52:55
was not emphasizing its00:52:57
commitment to the climate crisis as much00:53:00
as it is emphasizing today00:53:03
and we really wish you the00:53:05
best00:53:10
that there is really this need to broaden00:53:12
the scope and accelerate things00:53:16
nine years ago month we are not ready to00:53:19
talk about debt00:53:34
with balance of00:53:36
payments symptoms but to really return to the00:53:39
treaty and their underlying objectives00:53:43
to guarantee growth and00:53:46
macroeconomic and financial economic stability00:53:52
but what we are being asked to do00:53:55
is is not simply to check a00:53:58
box for progress00:54:00
as Vanessa said what is being00:54:03
asked of us today00:54:04
is a total transformation it is00:54:07
not simply the reform of our00:54:09
institutions00:54:11
is necessary00:54:18
because for years 1990 we00:54:22
where climate change really00:54:25
began to be known we decided00:54:26
not to listen to the Council's00:54:29
scientific advice00:54:31
and therefore what could have been done in00:54:34
more than 100 years must now be00:54:36
done in less than 10 years and Dear00:54:39
secretary general00:54:42
my heart bleeds for you00:54:47
because you have been this constant path00:54:53
but I tell you it was not in vain00:54:55
your message was not in vain00:54:58
as you heard it from the mouth00:54:59
of Mr. Macron this morning00:55:04
we have finally understood that00:55:07
climate poverty cannot be separated00:55:10
that education and climate cannot00:55:13
be treated separately00:55:15
and later today we will00:55:19
look in more detail at the actions00:55:22
we need to take in a somewhat different way.00:55:25
bridge stand initiative because00:55:27
we do not think it is the only answer00:55:28
but because we already have the00:55:30
desire to join forces00:55:34
to bring people together to discuss the00:55:38
problems and to make enough00:55:40
noise to00:55:42
attract the attention of those who must00:55:44
act of those who must speak00:55:47
I ask you today not to00:55:50
leave Paris00:55:53
without having understood that the dynamism00:55:56
of our political ambitions what is00:55:58
necessary must achieve a00:56:01
transformation and not simply a00:56:02
reform00:56:05
I also ask you to ensure that that00:56:07
those of us who are heads of00:56:09
government00:56:11
recognize that the world does not want to00:56:13
continue in the shadow of an old00:56:17
imperialist order that does not see the countries00:56:19
that do not listen to them and that does not see the countries00:56:21
that do not listen who does not understand00:56:23
people either00:56:24
I ask you today to00:56:27
recognize that we cannot00:56:28
come00:56:29
to Paris but then let our00:56:32
directors return to the femur at the00:56:33
World Bank and resume things00:56:35
as before00:56:36
because this will not wait we are swimming00:56:40
not for our own interest we00:56:42
choose in the name of our sovereign states00:56:45
and therefore we do not just00:56:48
need money we need00:56:51
reforms of the systems of governance because00:56:54
when these institutions were founded00:56:56
our countries did not yet exist00:56:59
we we are asking for a total transformation00:57:02
to guarantee the sources of capital00:57:06
even if it is unpopular to say it00:57:11
we are not asking for the bankruptcy of00:57:14
private companies this is not what00:57:15
we want however we are asking00:57:17
everyone to share the burden00:57:20
felt in such a way as to also be able to00:57:21
share the profits00:57:27
and therefore this means that if we00:57:29
only demand accountability from the00:57:30
government well that is no longer00:57:31
necessary and it is not00:57:34
sufficient and what we must do00:57:35
today is put also at the00:57:37
table multilateral cooperations00:57:41
whose00:57:43
profits are two to three times00:57:46
greater than the00:57:51
budgets of the countries00:57:54
I soon end00:58:02
not participating so they have00:58:05
no desire to solve the problems and00:58:08
therefore we can thank00:58:11
philanthropy here because she does00:58:12
but can't do that can't do00:58:14
what she wants she has to do what00:58:16
the world needs and so00:58:18
I hope that we will leave Paris00:58:20
today not only being00:58:22
even more determined than ever to00:58:24
protect the planet its biodiversity and00:58:27
its inhabitants but also00:58:31
recognizing that if we are not00:58:33
today on a large scale and00:58:35
quickly then we will not be00:58:37
able to achieve our goal00:58:40
in time to save even more00:58:42
people00:58:46
therefore as a representative of our00:58:48
of our people00:58:50
at this unique moment in the history of00:58:53
civilization00:58:55
we must not only do the right00:58:58
thing but also do it at the right time00:59:00
and do it for the right reasons00:59:03
we will have more time during this next00:59:05
day and a half to discuss00:59:07
the details but what we really need to00:59:11
do is to speed things up and00:59:13
finally act thank you thank you00:59:20
very much Madam Prime00:59:22
Minister00:59:24
to conclude this00:59:26
opening ceremony I am calling the Secretary00:59:28
General of the United Nations Antonio00:59:30
Guterres to present your00:59:33
vision to us 7 years ago now the00:59:35
2030 Agenda of00:59:38
Sustainable Development Goals were presented00:59:39
we are halfway there how00:59:40
do you see the future and you made00:59:43
a call a few days ago to a00:59:45
transformation as the Prime00:59:46
Minister of the financial system said we00:59:48
want to hear from you this morning00:59:52
Mr President dear Emmanuel00:59:54
excellence ladies and gentlemen all00:59:56
protocol observed00:59:58
thank you dear Emmanuel for organizing this01:00:01
important summit in an01:00:03
international context which does not lack challenge01:00:07
and thank you dear mi amatlet for the01:00:09
efforts between countries as part of01:00:11
the bridge storm initiative01:00:14
this is a remarkable working basis01:00:17
to provide a response to the01:00:19
difficulties faced by so01:00:21
many developed countries01:00:24
because inaction does not is not an option01:00:27
the international financial system is01:00:30
in crisis01:00:31
halfway through the01:00:34
2030 agenda the sustainable development goals01:00:37
are moving further away every day01:00:41
even the most fundamental goals01:00:43
in terms of ending and poverty01:00:47
are falling back after decades of progress01:00:51
yes in 2023 more than 750 million01:00:55
people do not have enough to eat and01:00:59
tens of millions01:01:00
more people are01:01:02
falling into extreme poverty01:01:06
the covid-19 pandemic and the01:01:08
Russian invasion of Ukraine made things worse,01:01:12
rich countries were able to generate the01:01:14
liquidity necessary to revive01:01:17
their economies; on the contrary,01:01:21
development farmers do not have this capacity01:01:23
and must face excessive costs01:01:27
up to 8 times higher than those of countries01:01:30
developed01:01:32
many leaders are faced with01:01:35
a difficult choice to ensure the service of01:01:38
the debt or provide for the needs of01:01:41
their population01:01:43
many African countries01:01:45
today spend more money to01:01:46
repay their debt than on health care01:01:51
with terrible after-effects for01:01:53
entire generations01:01:56
today01:01:57
52 countries are in default or are01:02:01
getting dangerously close01:02:02
to this state and this01:02:06
includes the majority of the least01:02:09
developed countries as well as the majority of the 5001:02:12
countries most vulnerable to climate change01:02:16
dozens of others risks of01:02:19
joining them and this situation is01:02:22
untenable01:02:24
it is clear that the01:02:26
international financial architecture01:02:28
has failed in its mission to provide a01:02:32
global safety net to the country they01:02:35
have developed01:02:37
and the reason is simple01:02:40
as this architecture has just mentioned01:02:43
was built in the aftermath of01:02:46
the Second World War01:02:49
and it was essentially a reflex, even01:02:52
with some adaptations, of the01:02:56
political and economic balance of power at01:02:58
the time.01:03:00
More than three quarters01:03:03
of today's countries were not01:03:05
represented at the creation of the01:03:07
Bretton Woods institutions the01:03:09
World Bank and the International Monetary Fund01:03:14
and this is hardly better for the01:03:16
United Nations and the Security Council in01:03:19
particular01:03:21
almost 80 years later the01:03:25
global financial industry has become outdated01:03:28
dysfunctional and unfair01:03:31
it is no longer01:03:35
even able to meet the needs of the01:03:37
21st century world a multipolar world01:03:41
characterized by01:03:43
deeply integrated economies and financial markets but01:03:46
also by geopolitical tensions and01:03:49
growing systemic risks01:03:54
international financial institutions are today too01:03:56
small and too restricted to fulfill01:03:59
their mandate and be at the service of all,01:04:02
in particular the most vulnerable countries,01:04:06
an example of the capitals paid from the01:04:10
World Bank brought back to the global public01:04:13
represents today less than a01:04:15
fifth of what he represented in01:04:18
1960 even though the challenges are01:04:22
much greater01:04:24
and finally the global financial system01:04:27
perpetuates and even worsens inequalities01:04:32
in 2021 and it is a decision that we01:04:35
call the fact my international effect01:04:38
has thus allocated more than 650 billion01:04:41
dollars in special drawing rights01:04:44
the countries of the European Union that they01:04:47
Pompeii belongs to me received 16001:04:51
billion dollars the African countries01:04:54
3401:04:56
in other words a European citizen seen01:04:59
on average almost 13 times more than an01:05:02
African citizen01:05:04
all this was done within the rules01:05:07
but we recognize these rules have01:05:10
become profoundly immoral01:05:14
a financial architecture which does01:05:16
not represent the world of today01:05:18
risks leading to its01:05:22
own fragmentation in a world where01:05:25
geopolitics is itself even an excessive factor of01:05:28
fragmentation is01:05:38
not possible in the crisis without01:05:40
serious reform which is why01:05:43
I called for a new01:05:45
Bretton Woods an opportunity for01:05:48
states to together re-examine and01:05:51
design the global financial architecture01:05:54
to the 21st century rather this01:05:57
world as part of the preparations for01:05:58
the summit of the future I proposed a01:06:01
political document a detailed plan to01:06:04
rethink the global financial architecture01:06:06
and serve as a safety net01:06:08
for all countries I do not have01:06:10
no illusions all questions of01:06:12
power and political will no01:06:15
change Neutra possible overnight01:06:19
for deep reforms reforms01:06:22
in our need we can act urgently01:06:24
today01:06:26
to respond urgently to the01:06:29
economies to the needs of developing economies01:06:31
and emerging this is the01:06:32
reason why I proposed a01:06:33
relaunch of odd of 500 billion01:06:35
US dollars per year in order01:06:37
to invest in sustainable development01:06:39
and climate action01:06:40
it involves concrete steps to01:06:45
ensure that world leaders01:06:47
act now they can set01:06:50
up01:06:51
debt relief debt mechanisms allowing01:06:53
debts to be suspended to put in01:06:56
place maturity extensions and01:06:59
lower rates particularly for01:07:01
countries which suffer from01:07:04
particular vulnerability particularly in terms of01:07:06
climate change01:07:08
we can increase financing for01:07:12
development and the fight against01:07:15
climate change by increasing the01:07:16
capital base and modifying the01:07:18
model01:07:19
of mediatoral development banks01:07:22
and thus transforming their approach to01:07:24
risk01:07:25
without taking too many01:07:29
risks01:07:30
but we could say the same about the role01:07:32
played by the rating agencies which in01:07:36
my opinion are01:07:37
partly responsible for a large number01:07:40
of crises that we are01:07:41
facing at the moment01:07:43
we can also at the same01:07:45
time as I said transform01:07:48
this approach of risk to take01:07:50
better advantage of01:07:51
private financing at acceptable costs for the01:07:53
countries of the dependant we have01:07:54
heard a lot about it today the01:07:56
need to have more guarantee01:07:58
world leaders can01:08:01
increase its01:08:03
contingency financing and emergency financing emergency to01:08:04
countries in need by widely redistributing01:08:09
unused SDRs and01:08:13
using other01:08:14
innovative mechanisms to increase global liquidity01:08:17
the African Development Bank has01:08:20
launched an initiative to channel01:08:22
SDRs to multilateral development banks01:08:24
and this would make it possible to01:08:26
multiply this incidence by 5 it is an01:08:28
initiative which must be a source01:08:30
of inspiration world leaders01:08:32
can put in place a mechanism01:08:33
allowing to issue SDRs01:08:35
automatically when a crisis01:08:37
arises and to distribute according to01:08:40
need they can put a price on01:08:42
carbon01:08:43
they can end subsidies for01:08:46
fossil fuels and reallocate01:08:51
it's funding in favor01:08:53
of more sustainable and more01:08:55
productive use the list of what is01:08:57
possible is endless01:09:02
and know it01:09:04
the next two days will be01:09:07
very useful in01:09:08
identifying the concrete forms the01:09:12
concrete means of moving forward01:09:17
can contribute to reducing poverty01:09:21
the end helped development to help01:09:24
emerging economies in development01:09:26
and to support investments in01:09:27
favor of the health of education and01:09:29
climate action01:09:31
we do not need to wait for the01:09:34
perfect moment to fundamentally reform01:09:35
the international financial architecture01:09:36
these are steps01:09:38
we can take now and01:09:40
this would be a step of giant in01:09:42
favor of global justice excellence01:09:44
ladies and gentlemen I am fully01:09:45
aware of the challenges and headwinds01:09:47
that we01:09:49
face the power dynamics the01:09:51
constraints in terms of01:09:52
global cooperation in the contemporary world makes01:09:55
its problems even more difficult to01:09:57
solve but the solutions are not01:09:58
impossible and we can start01:09:59
today our discussions can01:10:02
produce concrete and01:10:04
meaningful results for the people who01:10:05
need them I therefore urge you during this01:10:07
meeting this is01:10:10
really about a cry from the heart I01:10:12
urge you to ensure that01:10:14
change happens it is also01:10:15
a war cry the time has come to01:10:17
tell the truth an awareness01:10:18
making this moment together a01:10:20
moment of hope I thank you01:10:27
thank you very much Mr. Secretary01:10:29
General you said it we are here01:10:30
to act not to just think about the01:10:33
summit so open I invite you01:10:36
thank you first of all for having participated in01:10:37
this ceremony invites you all01:10:39
to join either in this01:10:41
same room at 10:45 a.m. the first01:10:43
round table moderated by the Minister of01:10:45
the Economy and Finance Bruno Le Maire01:10:46
on the evolution of the role of01:10:48
multilateral development banks or to01:10:50
join the fifty events01:10:52
held here which are held at01:10:54
the OECD or UNESCO and which will01:10:56
also start at 10:45 a.m. Mélissa01:11:01
puts and we will meet tomorrow01:11:03
around cash for solutionsDescription:
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