Kick-off of the Summit for a New Global Financial Compact
Invited by French President Emmanuel Macron, the President of the Republic Andry Rajoelina attended the opening ceremony of the Summit for a New Global Financial Compact on Thursday, June 22, 2022. The objective of this high-level meeting is to build a new consensus for an international financial system that is more united in order to face the consequences of climate change.
The summit, held at the Palais Brongniart, saw the participation of one hundred countries and around fifty Heads of State and Government. In his opening speech, President Macron emphasized the importance of private investment in emerging countries. The involvement of the private sector in the fight against poverty and the prevention of biodiversity represents the real challenge of this Paris Summit. Resolutions concerning debt relief for developing countries and climate finance are expected to be taken at the end of the summit.
President Andry Rajoelina actively participated in the summit, highlighting the fundamental role of the private sector in addressing the challenges of climate change. As one of the countries most affected by the consequences of climate change, Madagascar is at the heart of global solidarity. President Rajoelina took part in a round table organized by IFAD, focusing on enhancing the role of the private sector in addressing development and climate challenges through food systems transformation.
During the round table, President Rajoelina emphasized the objectives of the Malagasy Government to increase cultivated areas and rice production in order to become the rice granary of the Indian Ocean once again. He also highlighted the impact of climate change and natural disasters in Madagascar, including the recent cyclones that caused loss of human life, displacement of people, and destruction of homes and crops.
To address these challenges, the Malagasy State has launched two flagship programs: the National Post-Cyclone Recovery Plan and the Emergence Plan for the Great South, which is affected by drought. President Rajoelina also mentioned the pragmatic programs initiated by Fihariana, which encourage entrepreneurship in the agricultural sector through subsidies and improved financing mechanisms.
President Rajoelina invited private investors to invest in Madagascar and contribute to the process of sustainable transformation. He expressed gratitude to IFAD for its support in promoting agricultural development in the country. The summit also saw the participation of other notable figures, including the President of IFAD, the Norwegian Minister for International Development, and representatives from NGOs and financial institutions.
In the afternoon, President Rajoelina took part in another round table entitled “Alliance for Green Infrastructure in Africa.” The session, chaired by the President of the African Development Bank (AfDB), focused on mobilizing funds for green infrastructure projects in Africa. President Rajoelina highlighted Madagascar’s vulnerability to climate change and called on the international community to support the Green Climate Fund.
The Summit for a New Global Financial Compact provides an important platform for global cooperation and solidarity in addressing the challenges of climate change and sustainable development. Madagascar, as a country heavily impacted by climate change, is actively participating in this global effort to build a more united and resilient financial system.Kick-off of the Summit for a New Global Financial Compact
Invited by French President Emmanuel Macron, the President of the Republic Andry Rajoelina attended the opening ceremony of the Summit for a New Global Financial Compact on Thursday, June 22, 2022. The objective of this high-level meeting is to build a new consensus for an international financial system that is more united in order to face the consequences of climate change.
The summit, held at the Palais Brongniart, saw the participation of one hundred countries and around fifty Heads of State and Government. In his opening speech, President Macron emphasized the importance of private investment in emerging countries. The involvement of the private sector in the fight against poverty and the prevention of biodiversity represents the real challenge of this Paris Summit. Resolutions concerning debt relief for developing countries and climate finance are expected to be taken at the end of the summit.
President Andry Rajoelina actively participated in the summit, highlighting the fundamental role of the private sector in addressing the challenges of climate change. As one of the countries most affected by the consequences of climate change, Madagascar is at the heart of global solidarity. President Rajoelina took part in a round table organized by IFAD, focusing on enhancing the role of the private sector in addressing development and climate challenges through food systems transformation.
During the round table, President Rajoelina emphasized the objectives of the Malagasy Government to increase cultivated areas and rice production in order to become the rice granary of the Indian Ocean once again. He also highlighted the impact of climate change and cyclones in Madagascar, which have caused loss of human life, displacement of people, and destruction of homes and crop fields.
To address these challenges, the Malagasy State has launched two flagship programs: the National Post-Cyclone Recovery Plan and the Emergence Plan dedicated to the Great South. President Rajoelina also mentioned the pragmatic programs initiated by Fihariana, which encourage entrepreneurship in the agricultural sector through subsidies and improved financing mechanisms.
President Rajoelina announced that the Malagasy State is working to create a favorable environment for private investors in the agricultural sector. This includes simplifying administrative procedures, promoting access to land, and inviting private investors to contribute to the process of sustainable transformation in Madagascar.
The President expressed his gratitude to IFAD for its support in promoting agricultural development in Madagascar. The summit also saw the participation of other notable figures, including Mr. Alvaro Lario, President of IFAD, Minister Anne Beathe Tvinnereim, Norwegian Minister for International Development, Mrs. Malala Rabenoro, CEO of the NGO Soafiary, and Mrs. Cécile Cabanis, Deputy Managing Director of Tikehau Capital.
The Summit for a New Global Financial Compact aims to create a new consensus and take concrete actions to address the challenges of climate change and promote sustainable development. The participation of world leaders and the focus on private sector involvement highlight the importance of global cooperation in building a more united and resilient financial system.
How has the Malagasy government’s National Post-Cyclone Recovery Plan impacted agricultural production in Madagascar?
E discussion, President Rajoelina emphasized Madagascar’s efforts to increase agricultural production and become the rice granary of the Indian Ocean. He also highlighted the impacts of climate change and natural disasters, such as recent cyclones, on the country.
To address these challenges, the Malagasy government has launched initiatives like the National Post-Cyclone Recovery Plan and the Emergence Plan for the Great South, which aims to address drought. President Rajoelina also mentioned the programs initiated by Fihariana, which support entrepreneurship in the agricultural sector through subsidies and better financing mechanisms.
President Rajoelina invited private investors to contribute to Madagascar’s sustainable transformation and expressed gratitude to IFAD for its support in promoting agricultural development in the country. The summit also saw the participation of other notable figures, including the President of IFAD, the Norwegian Minister for International Development, and representatives from NGOs and financial institutions.
In another round table session titled “Alliance for Green Infrastructure in Africa,” President Rajoelina highlighted Madagascar’s vulnerability to climate change and called for international support for the Green Climate Fund.
Overall, the Summit for a New Global Financial Compact provides a crucial platform for global cooperation and solidarity in addressing climate change and sustainable development. Madagascar, as one of the countries heavily affected by climate change, is actively participating in this effort to build a stronger and more resilient financial system.
Great article! It’s about time we start transforming meetings into action-oriented sessions. Let’s make sure that every meeting has clear goals, actionable outcomes, and concrete steps for implementation. It’s time to get things done!
I couldn’t agree more! Meetings are valuable for brainstorming and planning, but it’s crucial to follow through with concrete actions. Let’s make our discussions count and get things done!